Handelsbanken Fonder AB Has $370,000 Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Handelsbanken Fonder AB boosted its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,758 shares of the company’s stock after buying an additional 900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Helios Technologies were worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Helios Technologies by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock valued at $145,974,000 after purchasing an additional 88,656 shares during the last quarter. Sei Investments Co. increased its position in Helios Technologies by 16.1% in the 1st quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock worth $5,230,000 after buying an additional 16,204 shares during the period. Cardinal Capital Management acquired a new position in shares of Helios Technologies during the first quarter worth approximately $834,000. Silvercrest Asset Management Group LLC boosted its position in shares of Helios Technologies by 24.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock valued at $8,264,000 after acquiring an additional 36,676 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Helios Technologies by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after acquiring an additional 54,205 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

Separately, KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

Helios Technologies Price Performance

Shares of HLIO stock opened at $48.97 on Tuesday. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $55.53. The company has a market capitalization of $1.63 billion, a P/E ratio of 54.22 and a beta of 0.84. The stock has a 50 day moving average of $44.02 and a two-hundred day moving average of $46.04. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. Helios Technologies’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.81 earnings per share. As a group, equities analysts expect that Helios Technologies, Inc. will post 2.35 EPS for the current year.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, October 4th. Helios Technologies’s dividend payout ratio is 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.