Helios Technologies, Inc. (NASDAQ:HLIO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,438,786 shares of the company's stock after buying an additional 79,178 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.33% of Helios Technologies worth $64,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in Helios Technologies by 5,804.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company's stock worth $32,182,000 after purchasing an additional 708,715 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Helios Technologies by 15.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock worth $88,679,000 after buying an additional 266,127 shares during the last quarter. Sara Bay Financial increased its holdings in shares of Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after buying an additional 247,088 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Helios Technologies by 362.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock worth $11,148,000 after buying an additional 195,779 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Helios Technologies in the fourth quarter valued at $7,696,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

Helios Technologies Stock Up 7.2 %

Helios Technologies stock traded up $1.94 during midday trading on Wednesday, hitting $29.07. 780,971 shares of the company were exchanged, compared to its average volume of 208,692. 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, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. The company's fifty day moving average price is $30.99 and its 200-day moving average price is $41.35. The company has a market cap of $969.03 million, a PE ratio of 25.73 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same period in the previous year, the company posted $0.53 earnings per share. The company's quarterly revenue was down 7.8% on a year-over-year basis. On average, research analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.24%. Helios Technologies's dividend payout ratio is presently 30.77%.

Helios Technologies declared that its Board of Directors has approved a stock repurchase program on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.