Helios Technologies, Inc. (NASDAQ:HLIO) Stake Lowered by Wrapmanager Inc.

Wrapmanager Inc. cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,269 shares of the company’s stock after selling 650 shares during the quarter. Wrapmanager Inc.’s holdings in Helios Technologies were worth $394,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Helios Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock worth $144,966,000 after buying an additional 24,975 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Helios Technologies by 30.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock worth $86,821,000 after buying an additional 428,110 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Helios Technologies by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after buying an additional 54,205 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Helios Technologies in the 2nd quarter worth approximately $42,900,000. Finally, Bank of New York Mellon Corp grew its holdings in Helios Technologies by 24.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company’s stock worth $22,140,000 after buying an additional 90,806 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of the stock in a transaction on Thursday, November 7th. The stock was 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 owns 3,636 shares in the company, valued at approximately $196,016.76. This represents a 14.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

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

Helios Technologies Stock Performance

HLIO opened at $50.23 on Tuesday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $57.29. The business has a 50 day moving average price of $47.16 and a two-hundred day moving average price of $46.76.

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

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. Helios Technologies’s dividend payout ratio (DPR) is 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.