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SARASOTA - Helios Technologies, Inc. (NYSE:HLIO), currently valued at $1.75 billion, announced Monday it has completed the sale of its hydraulic fluid power solutions provider, Custom Fluidpower (CFP), to Questas Group. According to InvestingPro data, the company’s stock has shown strong momentum with a 64% return over the past six months.
The transaction includes a long-term exclusive distribution agreement that maintains Sun Hydraulics’ strategic position in the Australian hydraulics market through CFP’s engineering, distribution, and service network. The agreement is subject to annual growth targets tied to market conditions.
Helios, a manufacturer of motion control and electronic controls technology, plans to use the proceeds from the sale in line with its capital allocation priorities. These include debt reduction, organic business investments, and returning capital to shareholders.
The company did not disclose the financial terms of the transaction in its press release statement.
Helios Technologies serves customers in over 90 countries across diverse markets including construction, material handling, agriculture, energy, recreational vehicles, marine, and health and wellness sectors.
The company has maintained a consistent record of paying quarterly cash dividends since becoming publicly traded in 1997.
In other recent news, Helios Technologies reported strong financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $0.59, exceeding the anticipated $0.50, and reported revenue of $212.5 million, which was above the forecasted $201.47 million. Helios Technologies also announced a quarterly cash dividend of $0.09 per common share, continuing its long-standing dividend payment history. The dividend will be payable on October 21, 2025, to stockholders of record as of October 7, 2025.
In another development, KeyBanc raised its price target for Helios Technologies to $61.00 from $45.00, maintaining an Overweight rating on the stock. This decision followed meetings between Helios Tech CEO Sean Bagan and investors, which KeyBanc analysts attended. These recent developments highlight significant financial achievements and strategic initiatives within Helios Technologies.
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