Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,052 shares of the company’s stock after selling 240 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Helios Technologies were worth $813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its stake in shares of Helios Technologies by 9.9% in the third quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company’s stock valued at $310,000 after buying an additional 586 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Helios Technologies by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after acquiring an additional 670 shares during the period. King Luther Capital Management Corp raised its stake in Helios Technologies by 1.0% during the 3rd quarter. King Luther Capital Management Corp now owns 70,442 shares of the company’s stock valued at $3,360,000 after acquiring an additional 704 shares during the last quarter. Innealta Capital LLC purchased a new position in Helios Technologies during the 2nd quarter worth $35,000. Finally, nVerses Capital LLC raised its stake in shares of Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Insider Activity at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the sale, the director now directly owns 3,636 shares in the company, valued at $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price target on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Helios Technologies Stock Down 0.7 %

Helios Technologies stock opened at $53.50 on Friday. Helios Technologies, Inc. has a fifty-two week low of $39.08 and a fifty-two week high of $57.29. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 47.35 and a beta of 0.85. The stock’s fifty day moving average is $50.29 and its two-hundred day moving average is $47.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Friday, January 3rd will be given a dividend of $0.09 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. Helios Technologies’s dividend payout ratio is currently 31.86%.

Helios Technologies Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.