Thrivent Financial for Lutherans decreased its holdings in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) by 39.5% in the 4th quarter, Holdings Channel reports. The firm owned 925,769 shares of the company’s stock after selling 604,756 shares during the period. Thrivent Financial for Lutherans’ holdings in Helios Technologies were worth $49,519,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Helios Technologies by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock worth $84,806,000 after purchasing an additional 55,206 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Helios Technologies by 7.9% during the second quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock worth $31,113,000 after purchasing an additional 68,182 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Helios Technologies by 5.4% during the third quarter. Wasatch Advisors LP now owns 854,711 shares of the company’s stock worth $44,556,000 after purchasing an additional 43,567 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Helios Technologies during the fourth quarter worth about $42,583,000. Finally, Kennedy Capital Management LLC purchased a new stake in Helios Technologies in the third quarter worth approximately $39,503,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.
Helios Technologies Stock Down 1.6%
Shares of HLIO opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.86 and a quick ratio of 1.58. Helios Technologies, Inc has a 1 year low of $28.79 and a 1 year high of $80.00. The stock has a 50 day simple moving average of $67.93 and a two-hundred day simple moving average of $63.31. The firm has a market cap of $2.54 billion, a P/E ratio of 42.28 and a beta of 1.23.
Helios Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were given a $0.12 dividend. The ex-dividend date was Monday, April 13th. This is an increase from Helios Technologies’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 0.6%. Helios Technologies’s dividend payout ratio is presently 26.37%.
Analyst Ratings Changes
Several analysts have issued reports on HLIO shares. Robert W. Baird upped their target price on Helios Technologies from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Stifel Nicolaus upped their target price on Helios Technologies from $80.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Helios Technologies from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen raised Helios Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Helios Technologies has a consensus rating of “Moderate Buy” and an average price target of $87.25.
Read Our Latest Research Report on Helios Technologies
Helios Technologies Company Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
Featured Articles
- Five stocks we like better than Helios Technologies
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc (NYSE:HLIO – Free Report).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
