Royce & Associates LP Has $18.54 Million Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Royce & Associates LP increased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 34.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 388,659 shares of the company’s stock after buying an additional 98,900 shares during the quarter. Royce & Associates LP’s holdings in Helios Technologies were worth $18,539,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Helios Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock worth $144,966,000 after buying an additional 24,975 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Helios Technologies by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after purchasing an additional 54,205 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Helios Technologies in the 2nd quarter valued at about $42,900,000. Bank of New York Mellon Corp raised its stake in shares of Helios Technologies by 24.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company’s stock valued at $22,140,000 after purchasing an additional 90,806 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Helios Technologies in the 3rd quarter valued at about $13,633,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Insider Activity

In related news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the transaction, the director now owns 3,636 shares in the company, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Helios Technologies Stock Performance

HLIO opened at $49.87 on Friday. The business’s 50-day moving average price is $47.16 and its two-hundred day moving average price is $46.73. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $57.29. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 44.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company 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%. Helios Technologies’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Equities analysts expect that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, October 4th. Helios Technologies’s payout ratio is 31.86%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price target 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 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.