Helios Technologies, Inc. (NASDAQ:HLIO) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 70,442 shares of the company’s stock after acquiring an additional 704 shares during the period. King Luther Capital Management Corp’s holdings in Helios Technologies were worth $3,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLIO. ProShare Advisors LLC grew its position in shares of Helios Technologies by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock valued at $267,000 after acquiring an additional 470 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Helios Technologies by 45.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,625 shares of the company’s stock valued at $609,000 after purchasing an additional 4,270 shares during the period. Vanguard Group Inc. grew its holdings in Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after purchasing an additional 24,975 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Helios Technologies by 326.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,364 shares of the company’s stock valued at $553,000 after buying an additional 9,465 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Helios Technologies by 24.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock worth $8,264,000 after buying an additional 36,676 shares during the period. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Insider Transactions at Helios Technologies

In other 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 transaction of $33,154.65. Following the transaction, the director now directly owns 3,636 shares in the company, valued at $196,016.76. The trade was a 14.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Helios Technologies Trading Up 1.5 %

Shares of Helios Technologies stock opened at $53.08 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $57.29. The firm has a market capitalization of $1.76 billion, a PE ratio of 46.97 and a beta of 0.84. The firm’s 50-day moving average price is $47.98 and its 200 day moving average price is $46.86.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $196.41 million. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. On average, sell-side analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal 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 paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.68%. Helios Technologies’s dividend payout ratio (DPR) is presently 31.86%.

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.