Charles Schwab Investment Management Inc. Raises Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Charles Schwab Investment Management Inc. grew its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,984 shares of the company's stock after purchasing an additional 38,307 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.10% of Helios Technologies worth $17,410,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in Helios Technologies by 9.9% during the third quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company's stock valued at $310,000 after purchasing an additional 586 shares during the last quarter. Isthmus Partners LLC raised its position in Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company's stock valued at $30,000 after purchasing an additional 670 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Helios Technologies by 1.0% in the 3rd quarter. King Luther Capital Management Corp now owns 70,442 shares of the company's stock valued at $3,360,000 after purchasing an additional 704 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Helios Technologies in the 2nd quarter worth approximately $35,000. Finally, nVerses Capital LLC boosted its holdings in shares of Helios Technologies by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock worth $57,000 after purchasing an additional 800 shares during the period. 94.72% of the stock is owned by institutional investors.

Helios Technologies Trading Down 2.0 %

Helios Technologies stock traded down $1.04 during midday trading on Friday, reaching $51.48. The stock had a trading volume of 162,619 shares, compared to its average volume of 156,027. The company has a fifty day moving average of $49.87 and a 200 day moving average of $46.90. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 45.56 and a beta of 0.85. Helios Technologies, Inc. has a 52-week low of $39.08 and a 52-week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 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 company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same quarter last year, the business earned $0.44 earnings per share. The firm's revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that Helios Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.09 per share. 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%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price target on Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th.

Insider Activity at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was 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 directly owns 3,636 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.