Rockefeller Capital Management L.P. Has $2.57 Million Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Rockefeller Capital Management L.P. increased its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 60.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,959 shares of the company’s stock after purchasing an additional 20,250 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.16% of Helios Technologies worth $2,574,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Central Pacific Bank Trust Division grew its stake in shares of Helios Technologies by 9.9% during the third quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company’s stock worth $310,000 after purchasing an additional 586 shares during the period. Isthmus Partners LLC lifted its holdings in Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock worth $30,000 after acquiring an additional 670 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Helios Technologies by 1.0% during the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company’s stock worth $3,360,000 after acquiring an additional 704 shares in the last quarter. Innealta Capital LLC bought a new position in Helios Technologies during the second quarter worth about $35,000. Finally, nVerses Capital LLC lifted its holdings in Helios Technologies by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after acquiring an additional 800 shares in the last quarter. 94.72% of the stock is 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 stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their target price on 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 Performance

HLIO stock opened at $51.48 on Friday. The business’s 50-day moving average price is $49.87 and its two-hundred day moving average price is $46.98. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.71 billion, a PE ratio of 45.56 and a beta of 0.85. Helios Technologies, Inc. has a 1-year low of $39.08 and a 1-year high of $57.29.

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

Helios Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. Helios Technologies’s dividend payout ratio (DPR) is 31.86%.

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.