Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Clean Yield Group

Clean Yield Group trimmed its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 12.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,657 shares of the company’s stock after selling 1,312 shares during the period. Clean Yield Group’s holdings in Helios Technologies were worth $310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Helios Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after purchasing an additional 13,059 shares during the period. Thrivent Financial for Lutherans raised its holdings in Helios Technologies by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company’s stock worth $82,219,000 after purchasing an additional 21,683 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Helios Technologies by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company’s stock valued at $64,227,000 after purchasing an additional 79,178 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Helios Technologies by 5,804.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after buying an additional 708,715 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Helios Technologies by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 637,703 shares of the company’s stock worth $28,467,000 after buying an additional 5,684 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Trading Up 1.2%

Shares of HLIO opened at $32.33 on Friday. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. The company has a market capitalization of $1.08 billion, a PE ratio of 28.61 and a beta of 1.22. The stock has a fifty day moving average of $29.17 and a two-hundred day moving average of $38.45. 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 released its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same period last year, the company earned $0.53 earnings per share. Helios Technologies’s revenue was down 7.8% on a year-over-year basis. As a group, analysts forecast that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be given a $0.09 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. Helios Technologies’s dividend payout ratio is presently 32.43%.

Helios Technologies declared that its Board of Directors has approved a stock repurchase program on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

HLIO has been the subject of several research reports. Stifel Nicolaus lifted their price objective on Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird reduced their price objective on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th.

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.