Rockefeller Capital Management L.P. Purchases 20,250 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Rockefeller Capital Management L.P. boosted its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 60.1% during the 3rd 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 buying an additional 20,250 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.16% of Helios Technologies worth $2,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Helios Technologies during the second quarter worth approximately $42,900,000. Thrivent Financial for Lutherans grew its position in shares of Helios Technologies by 30.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company's stock worth $86,821,000 after buying an additional 428,110 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of Helios Technologies in the 3rd quarter valued at $13,633,000. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Helios Technologies during the 2nd quarter valued at $8,544,000. Finally, Royce & Associates LP boosted its stake in Helios Technologies by 34.1% during the third quarter. Royce & Associates LP now owns 388,659 shares of the company's stock worth $18,539,000 after acquiring an additional 98,900 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Down 2.0 %

Helios Technologies stock traded down $1.04 during mid-day 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 stock's 50-day simple moving average is $49.87 and its 200-day simple moving average is $46.94. The firm has a market capitalization of $1.71 billion, a PE ratio of 45.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. Helios Technologies, Inc. has a fifty-two week low of $39.08 and a fifty-two week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be paid 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%.

Insiders Place Their Bets

In other Helios Technologies 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 value of $33,154.65. Following the completion of the sale, the director now 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 SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

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.