Helios Technologies, Inc. (NASDAQ:HLIO) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 214.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,790 shares of the company’s stock after purchasing an additional 10,089 shares during the quarter. Intech Investment Management LLC’s holdings in Helios Technologies were worth $660,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $33.69 on Monday. The stock has a market cap of $1.12 billion, a P/E ratio of 29.81 and a beta of 0.90. The firm’s 50-day simple moving average is $40.65 and its 200 day simple moving average is $45.32. Helios Technologies, Inc. has a fifty-two week low of $33.10 and a fifty-two week high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies declared that its board has approved a share buyback plan on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.07%. Helios Technologies’s dividend payout ratio (DPR) is 30.77%.

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.