Matteo Arduini, President of Hydraulics, EMEA at Helios Technologies, Inc. (NYSE:HLIO), has recently sold 4,000 shares of the company's common stock. The shares were sold at a weighted average price of $53.98, resulting in a total transaction value of approximately $215,920. Following this sale, Arduini holds 11,761 shares directly. The transaction was executed on November 25, 2024, as per the SEC filing.
In other recent news, Helios Technologies reported a mixed Q3 financial performance, noting a slight decline in sales but improvements in gross margins and adjusted EBITDA margins. Q3 sales reached $195 million, marking a 3% year-over-year decline, while gross margins improved by 150 basis points to 11.4%, and adjusted EBITDA margins expanded to between 19.0% and 19.6%. Despite the challenges brought about by hurricanes, the company maintained a strong cash position, standing at $47 million, and continued its commitment to debt reduction and innovation.
The company's full-year sales guidance was adjusted to between $800 million and $805 million, reflecting market weakness and the impacts of hurricanes. Helios also reported a decrease in total debt by 8% since FY 2023, with a net debt to adjusted EBITDA leverage ratio of 2.8x. The company plans to continue its strong dividend history, with 111 consecutive quarters of payouts.
Despite a year-to-date decline in sales, Helios improved its gross and adjusted EBITDA margins. The company is optimistic about gaining market share and leveraging new product pipelines. In light of these recent developments, Helios Technologies is focused on advancing system solution opportunities, deepening customer relationships, and improving cost efficiency through the integration of its businesses.
InvestingPro Insights
As Matteo Arduini reduces his stake in Helios Technologies, Inc. (NYSE:HLIO), investors may find additional context in the company's financial metrics and market performance. According to InvestingPro data, HLIO boasts a market capitalization of $1.73 billion and has demonstrated a strong return over the last three months, with a price total return of 21.47%.
Despite the recent insider sale, HLIO has maintained a consistent track record of dividend payments, an InvestingPro Tip reveals that the company has sustained dividend payments for 28 consecutive years. This commitment to shareholder returns is further underscored by a current dividend yield of 0.68%.
From a valuation perspective, HLIO is trading at a relatively high earnings multiple, with a P/E ratio of 46.23. This could suggest that investors are pricing in future growth expectations. However, it's worth noting that the company's revenue growth has been negative, with a -2.2% decline in the last twelve months as of Q3 2024.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips and insights, with 7 more tips available for HLIO on the platform. These insights could provide valuable context for understanding the company's financial health and market position beyond the recent insider transaction.
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