Franklin Resources Inc. increased its position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 33.2% during the third quarter, HoldingsChannel reports. The firm owned 2,481,539 shares of the industrial products company’s stock after buying an additional 618,653 shares during the quarter. Franklin Resources Inc.’s holdings in Hollysys Automation Technologies were worth $53,032,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Hollysys Automation Technologies in the 2nd quarter valued at $1,379,000. Employees Retirement System of Texas raised its position in Hollysys Automation Technologies by 67.5% in the 2nd quarter. Employees Retirement System of Texas now owns 139,000 shares of the industrial products company’s stock valued at $3,077,000 after buying an additional 56,000 shares during the last quarter. Millennium Management LLC raised its position in Hollysys Automation Technologies by 12.3% in the 2nd quarter. Millennium Management LLC now owns 249,503 shares of the industrial products company’s stock valued at $5,524,000 after buying an additional 27,266 shares during the last quarter. Sensato Investors LLC purchased a new stake in Hollysys Automation Technologies in the 2nd quarter valued at $2,020,000. Finally, Todd Asset Management LLC raised its position in Hollysys Automation Technologies by 0.6% in the 2nd quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock valued at $12,205,000 after buying an additional 3,355 shares during the last quarter. Institutional investors own 75.16% of the company’s stock.
A number of equities research analysts recently commented on the company. BidaskClub lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Zacks Investment Research raised Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 17th. ValuEngine lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. lowered Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.50.
NASDAQ HOLI opened at $19.03 on Friday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.60 and a beta of 1.46. Hollysys Automation Technologies Ltd has a 12 month low of $16.00 and a 12 month high of $28.35. The company has a quick ratio of 3.05, a current ratio of 3.17 and a debt-to-equity ratio of 0.03.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Tuesday, November 13th. The industrial products company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The company had revenue of $138.72 million during the quarter, compared to analysts’ expectations of $137.58 million. Hollysys Automation Technologies had a net margin of 20.16% and a return on equity of 13.69%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Equities analysts expect that Hollysys Automation Technologies Ltd will post 2.13 EPS for the current year.
The firm also recently announced an annual dividend, which was paid on Monday, November 12th. Stockholders of record on Monday, October 22nd were given a dividend of $0.18 per share. The ex-dividend date was Friday, October 19th. This is a positive change from Hollysys Automation Technologies’s previous annual dividend of $0.12. This represents a dividend yield of 0.85%. Hollysys Automation Technologies’s dividend payout ratio (DPR) is currently 10.11%.
About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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