Royce & Associates LP lessened its stake in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,799 shares of the company’s stock after selling 8,280 shares during the quarter. Royce & Associates LP owned about 1.09% of Helios Technologies worth $19,353,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in HLIO. Triumph Capital Management bought a new position in shares of Helios Technologies during the 3rd quarter worth about $36,000. Quarry LP boosted its position in shares of Helios Technologies by 948.6% during the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after purchasing an additional 1,053 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Helios Technologies during the 4th quarter worth about $66,000. Tower Research Capital LLC TRC boosted its position in shares of Helios Technologies by 39.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $141,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Inceptionr LLC bought a new position in shares of Helios Technologies during the 3rd quarter worth about $217,000. Institutional investors own 94.72% of the company’s stock.
Helios Technologies Trading Up 4.0%
NYSE:HLIO opened at $82.25 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.58 and a current ratio of 2.86. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 45.19 and a beta of 1.23. Helios Technologies, Inc has a 52 week low of $28.79 and a 52 week high of $83.09. The firm has a 50-day moving average price of $69.73 and a two-hundred day moving average price of $64.46.
Helios Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were paid a $0.12 dividend. This is a positive change from Helios Technologies’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, April 13th. This represents a $0.48 annualized dividend and a yield of 0.6%. Helios Technologies’s dividend payout ratio (DPR) is 26.37%.
Wall Street Analyst Weigh In
HLIO has been the topic of a number of research analyst reports. Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Helios Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp increased their price objective on shares of Helios Technologies from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Robert W. Baird raised their price target on shares of Helios Technologies from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.
View Our Latest Report on Helios Technologies
Insider Buying and Selling
In other Helios Technologies news, insider Matteo Arduini sold 3,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $76.48, for a total value of $229,440.00. Following the completion of the sale, the insider owned 15,317 shares in the company, valued at approximately $1,171,444.16. This trade represents a 16.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.
Helios Technologies Company Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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