Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 957,983 shares of the company’s stock after selling 41,132 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Helios Technologies were worth $42,764,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Barclays PLC increased its position in Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock valued at $2,740,000 after purchasing an additional 40,048 shares during the period. Stifel Financial Corp increased its position in shares of Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock valued at $2,411,000 after buying an additional 16,041 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Helios Technologies by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after buying an additional 38,307 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Helios Technologies by 5,804.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after buying an additional 708,715 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Helios Technologies by 18.5% during the 4th quarter. Bank of New York Mellon Corp now owns 519,531 shares of the company’s stock valued at $23,192,000 after acquiring an additional 81,100 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

Helios Technologies Stock Down 5.3 %

NASDAQ:HLIO opened at $32.21 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm’s 50-day moving average price is $39.61 and its 200-day moving average price is $45.08. The company has a market capitalization of $1.07 billion, a PE ratio of 28.50 and a beta of 0.90. Helios Technologies, Inc. has a 1-year low of $32.10 and a 1-year high of $57.29.

Helios Technologies announced that its board has authorized a stock repurchase program on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is 30.77%.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th.

Helios Technologies Company 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.