B. Metzler seel. Sohn & Co. AG Sells 6,146 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,591 shares of the company’s stock after selling 6,146 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Helios Technologies were worth $1,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HLIO. Signaturefd LLC lifted its stake in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock worth $31,000 after acquiring an additional 287 shares during the period. King Luther Capital Management Corp lifted its position in shares of Helios Technologies by 0.4% in the 4th quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock worth $3,158,000 after purchasing an additional 291 shares during the period. Inspire Investing LLC boosted its stake in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after purchasing an additional 301 shares in the last quarter. Empower Advisory Group LLC boosted its stake in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after purchasing an additional 615 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Helios Technologies by 1.5% during the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company’s stock valued at $2,259,000 after buying an additional 726 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Performance

Shares of Helios Technologies stock opened at $32.04 on Thursday. Helios Technologies, Inc. has a one year low of $30.75 and a one year high of $57.29. The company has a market capitalization of $1.07 billion, a PE ratio of 28.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company has a 50-day simple moving average of $38.82 and a two-hundred day simple moving average of $44.86.

Helios Technologies Dividend Announcement

The company 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 $0.09 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.12%. Helios Technologies’s dividend payout ratio (DPR) is 30.77%.

Helios Technologies announced that its Board of Directors has approved a stock repurchase plan on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their target price on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock 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.