Rockefeller Capital Management L.P. Buys 195,779 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Rockefeller Capital Management L.P. lifted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 362.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 249,738 shares of the company's stock after acquiring an additional 195,779 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.75% of Helios Technologies worth $11,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Helios Technologies by 46.5% during the 3rd quarter. Stifel Financial Corp now owns 50,547 shares of the company's stock valued at $2,411,000 after acquiring an additional 16,041 shares in the last quarter. State Street Corp raised its holdings in Helios Technologies by 0.6% in the 3rd quarter. State Street Corp now owns 773,777 shares of the company's stock valued at $36,909,000 after buying an additional 4,699 shares during the last quarter. Barclays PLC grew its holdings in Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company's stock worth $2,740,000 after acquiring an additional 40,048 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Helios Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company's stock valued at $35,904,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Sara Bay Financial lifted its holdings in shares of Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after purchasing an additional 247,088 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their target price on Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

Helios Technologies Trading Down 3.9 %

Shares of NASDAQ HLIO traded down $1.04 during midday trading on Monday, reaching $25.39. The stock had a trading volume of 29,880 shares, compared to its average volume of 208,747. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company's 50 day moving average price is $34.12 and its 200 day moving average price is $43.05. The firm has a market cap of $845.22 million, a price-to-earnings ratio of 22.46 and a beta of 1.03.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, April 4th. Helios Technologies's dividend payout ratio is 30.77%.

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