Helios Technologies, Inc. (NASDAQ:HLIO) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,841,823 shares of the company's stock after acquiring an additional 21,683 shares during the period. Thrivent Financial for Lutherans owned 5.54% of Helios Technologies worth $82,219,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HLIO. Quest Partners LLC purchased a new position in Helios Technologies during the third quarter worth about $623,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Helios Technologies during the third quarter worth about $2,325,000. King Luther Capital Management Corp lifted its position in Helios Technologies by 1.0% during the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company's stock worth $3,360,000 after buying an additional 704 shares during the period. Intech Investment Management LLC purchased a new position in Helios Technologies during the third quarter worth about $224,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Helios Technologies by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company's stock worth $17,410,000 after buying an additional 38,307 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Helios Technologies Stock Down 2.1 %

Shares of NASDAQ:HLIO traded down $0.72 during mid-day trading on Friday, hitting $33.69. 352,100 shares of the company traded hands, compared to its average volume of 189,430. The firm has a market cap of $1.12 billion, a P/E ratio of 29.81 and a beta of 0.90. 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 52-week low of $33.10 and a 52-week high of $57.29. The firm's 50 day simple moving average is $40.65 and its 200 day simple moving average is $45.29.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. Helios Technologies's payout ratio is currently 30.77%.

Helios Technologies announced that its Board of Directors has approved a stock repurchase plan on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board 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.