King Luther Capital Management Corp Raises Position in Helios Technologies, Inc. (NASDAQ:HLIO)

King Luther Capital Management Corp increased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,442 shares of the company’s stock after buying an additional 704 shares during the quarter. King Luther Capital Management Corp owned 0.21% of Helios Technologies worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock worth $144,966,000 after acquiring an additional 24,975 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake 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 purchasing an additional 428,110 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Helios Technologies by 4.4% during the 2nd 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Helios Technologies during the 2nd quarter valued at approximately $42,900,000. Finally, Bank of New York Mellon Corp increased its stake in Helios Technologies by 24.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company’s stock valued at $22,140,000 after purchasing an additional 90,806 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective 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.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Helios Technologies Trading Up 1.5 %

Shares of NASDAQ:HLIO opened at $53.08 on Friday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $57.29. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 46.97 and a beta of 0.84. The business has a 50-day moving average price of $47.98 and a 200-day moving average price of $46.86.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, topping 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 company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. During the same quarter in the prior year, the company earned $0.44 EPS. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. Helios Technologies’s dividend 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.