Intech Investment Management LLC Purchases Shares of 4,701 Helios Technologies, Inc. (NASDAQ:HLIO)

Intech Investment Management LLC bought a new position in Helios Technologies, Inc. (NASDAQ:HLIO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,701 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLIO. Dimensional Fund Advisors LP raised its holdings in shares of Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after purchasing an additional 54,205 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Helios Technologies in the second quarter valued at approximately $42,900,000. Raymond James & Associates boosted its stake in Helios Technologies by 31.6% during the 3rd quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock valued at $3,495,000 after purchasing an additional 17,611 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Helios Technologies during the third quarter worth about $13,633,000. Finally, Legato Capital Management LLC bought a new stake in shares of Helios Technologies in the 2nd quarter worth approximately $838,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced 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 note on Wednesday, October 16th.

Insiders Place Their Bets

In related news, Director Diana Sacchi sold 615 shares of the 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 completion of the sale, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Helios Technologies Trading Down 0.2 %

NASDAQ:HLIO opened at $52.52 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 46.48 and a beta of 0.85. The stock’s 50 day moving average price is $49.78 and its 200 day moving average price is $47.00. 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, Inc. has a 52 week low of $39.08 and a 52 week high of $57.29.

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

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies’s payout ratio is presently 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.