Helios Technologies, Inc. (NASDAQ:HLIO) Stock Position Raised by Raymond James & Associates

Raymond James & Associates raised its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 31.6% in the third quarter, Holdings Channel reports. The firm owned 73,272 shares of the company’s stock after buying an additional 17,611 shares during the period. Raymond James & Associates’ holdings in Helios Technologies were worth $3,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC raised its stake in shares of Helios Technologies by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after acquiring an additional 670 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Helios Technologies in the 2nd quarter valued at approximately $35,000. nVerses Capital LLC raised its stake 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 valued at $57,000 after acquiring an additional 800 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Helios Technologies in the 2nd quarter valued at approximately $110,000. Finally, EntryPoint Capital LLC bought a new position in shares of Helios Technologies in the 1st quarter valued at approximately $133,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLIO has been the topic of a number of recent analyst reports. KeyCorp downgraded Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus cut their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Helios Technologies Stock Performance

HLIO opened at $47.95 on Monday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 53.28 and a beta of 0.84. The stock’s 50 day moving average price is $45.42 and its two-hundred day moving average price is $46.33. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. Helios Technologies, Inc. has a 12-month low of $37.50 and a 12-month high of $54.06.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. On average, equities analysts forecast that Helios Technologies, Inc. will post 2.3 earnings per share for the current year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is currently 40.00%.

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.