Helios Technologies, Inc. (NASDAQ:HLIO) Stock Holdings Increased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 46.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,547 shares of the company’s stock after purchasing an additional 16,041 shares during the period. Stifel Financial Corp’s holdings in Helios Technologies were worth $2,411,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Helios Technologies during the 2nd quarter valued at $42,900,000. Thrivent Financial for Lutherans lifted its holdings in shares of Helios Technologies by 30.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock valued at $86,821,000 after purchasing an additional 428,110 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Helios Technologies in the 3rd quarter valued at $13,633,000. Mesirow Institutional Investment Management Inc. purchased a new position in Helios Technologies in the 2nd quarter worth about $8,544,000. Finally, Royce & Associates LP increased its stake in Helios Technologies by 34.1% in the 3rd quarter. Royce & Associates LP now owns 388,659 shares of the company’s stock worth $18,539,000 after purchasing an additional 98,900 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, October 16th.

Insider Buying and Selling at Helios Technologies

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the transaction, the director now 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Helios Technologies Price Performance

HLIO opened at $47.68 on Thursday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 42.20 and a beta of 0.85. The stock has a fifty day moving average of $50.46 and a 200-day moving average of $47.02. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 12-month low of $39.08 and a 12-month high of $57.29.

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

Helios Technologies Dividend Announcement

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. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, January 3rd. Helios Technologies’s payout ratio is presently 31.86%.

About Helios Technologies

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.