Geode Capital Management LLC Acquires 7,871 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Geode Capital Management LLC grew its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 752,544 shares of the company’s stock after purchasing an additional 7,871 shares during the period. Geode Capital Management LLC owned approximately 2.26% of Helios Technologies worth $35,904,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HLIO. Bank of New York Mellon Corp raised its stake in 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 buying an additional 90,806 shares during the last quarter. Innealta Capital LLC bought a new position in Helios Technologies in the 2nd quarter worth about $35,000. Rhumbline Advisers grew its position in Helios Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 52,041 shares of the company’s stock valued at $2,485,000 after purchasing an additional 4,026 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Helios Technologies during the 2nd quarter valued at about $8,544,000. Finally, Isthmus Partners LLC raised its holdings in Helios Technologies by 1.1% in the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock worth $30,000 after buying an additional 670 shares during the last quarter. 94.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Helios Technologies Stock Up 0.7 %

HLIO stock opened at $45.94 on Thursday. 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 $39.08 and a 1-year high of $57.29. The stock has a market capitalization of $1.53 billion, a P/E ratio of 40.66 and a beta of 0.85. The business has a fifty day moving average price of $50.27 and a 200-day moving average price of $46.99.

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

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, January 3rd. Helios Technologies’s dividend payout ratio (DPR) is presently 31.86%.

Insider Buying and Selling at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares of the company’s stock, valued at $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.

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.