Helios Technologies, Inc. (NASDAQ:HLIO) Holdings Lifted by State Street Corp

State Street Corp boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 773,777 shares of the company’s stock after purchasing an additional 4,699 shares during the period. State Street Corp owned 2.33% of Helios Technologies worth $36,909,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in 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. Dimensional Fund Advisors LP increased 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 valued at $61,333,000 after buying an additional 54,205 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Helios Technologies during the second quarter valued at approximately $42,900,000. Bank of New York Mellon Corp lifted its holdings in shares of Helios Technologies by 24.4% during the second quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company’s stock valued at $22,140,000 after acquiring an additional 90,806 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of 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 acquiring an additional 98,900 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the transaction, the director now directly owns 3,636 shares in the company, valued at $196,016.76. The trade was a 14.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO opened at $46.20 on Friday. Helios Technologies, Inc. has a fifty-two week low of $39.08 and a fifty-two week high of $57.29. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 40.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm’s 50 day simple moving average is $50.40 and its 200 day simple moving average is $47.01.

Helios Technologies (NASDAQ:HLIO) last announced 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. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm had revenue of $194.50 million during the quarter, compared to analyst estimates of $196.41 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.14 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, January 3rd. Helios Technologies’s dividend payout ratio is currently 31.86%.

Wall Street Analyst Weigh In

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

Helios Technologies Company 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.