Helios Technologies, Inc. (NASDAQ:HLIO) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 46.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 50,547 shares of the company's stock after purchasing an additional 16,041 shares during the period. Stifel Financial Corp owned 0.15% of Helios Technologies worth $2,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Helios Technologies in the second quarter valued at approximately $138,000. Bank of New York Mellon Corp grew its holdings in Helios Technologies by 24.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company's stock valued at $22,140,000 after buying an additional 90,806 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Helios Technologies in the 2nd quarter worth $838,000. Innealta Capital LLC purchased a new position in shares of Helios Technologies during the 2nd quarter worth $35,000. Finally, Rhumbline Advisers raised its holdings in shares of Helios Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 52,041 shares of the company's stock worth $2,485,000 after acquiring an additional 4,026 shares during the period. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Trading Down 2.1 %

HLIO traded down $1.01 during trading hours on Thursday, reaching $46.67. The company's stock had a trading volume of 172,170 shares, compared to its average volume of 201,875. The stock has a market cap of $1.55 billion, a PE ratio of 41.30 and a beta of 0.85. Helios Technologies, Inc. has a fifty-two week low of $39.08 and a fifty-two week high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The business's 50-day moving average is $50.46 and its 200-day moving average is $47.02.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. During the same period in the previous year, the firm earned $0.44 EPS. The business's revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Helios Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Friday, January 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, January 3rd. Helios Technologies's dividend payout ratio (DPR) is 31.86%.

Insider Buying and Selling at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction 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 transaction, the director now directly owns 3,636 shares in the company, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.