Barrow Hanley Mewhinney & Strauss LLC Cuts Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 957,983 shares of the company's stock after selling 41,132 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.88% of Helios Technologies worth $42,764,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in Helios Technologies in the 3rd quarter valued at about $224,000. Charles Schwab Investment Management Inc. grew its position in shares of Helios Technologies by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company's stock valued at $17,410,000 after purchasing an additional 38,307 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Helios Technologies during the 3rd quarter worth approximately $494,000. BNP Paribas Financial Markets raised its position in shares of Helios Technologies by 20.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,111 shares of the company's stock worth $625,000 after purchasing an additional 2,190 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Helios Technologies by 60.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,959 shares of the company's stock valued at $2,574,000 after buying an additional 20,250 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price target on Helios Technologies from $60.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th.

Helios Technologies Trading Down 4.5 %

NASDAQ:HLIO traded down $1.26 on Friday, reaching $26.45. The stock had a trading volume of 606,348 shares, compared to its average volume of 194,910. Helios Technologies, Inc. has a 12-month low of $24.88 and a 12-month high of $57.29. The company has a market cap of $880.78 million, a price-to-earnings ratio of 23.41 and a beta of 1.03. The firm's fifty day moving average is $38.13 and its two-hundred day moving average is $44.63. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.36%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

Helios Technologies announced that its board has initiated a stock repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

About Helios Technologies

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.