Algert Global LLC bought a new stake in Helios Technologies, Inc (NYSE:HLIO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,650 shares of the company's stock, valued at approximately $3,628,000. Algert Global LLC owned approximately 0.12% of Helios Technologies at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Helios Technologies in the second quarter valued at approximately $231,414,000. Wellington Management Group LLP raised its holdings in shares of Helios Technologies by 114.9% in the 4th quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company's stock worth $106,848,000 after purchasing an additional 1,067,846 shares during the period. Dimensional Fund Advisors LP lifted its stake in Helios Technologies by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company's stock valued at $84,806,000 after purchasing an additional 55,206 shares during the last quarter. Jennison Associates LLC increased its position in Helios Technologies by 30.1% in the first quarter. Jennison Associates LLC now owns 1,035,977 shares of the company's stock worth $67,038,000 after buying an additional 239,876 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Helios Technologies by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 932,366 shares of the company's stock valued at $31,113,000 after buying an additional 68,182 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on HLIO. Robert W. Baird lifted their price objective on Helios Technologies from $81.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Stifel Nicolaus lifted their price objective on shares of Helios Technologies from $93.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Wall Street Zen lowered Helios Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research cut Helios Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.25.
Get Our Latest Report on HLIO
Insider Transactions at Helios Technologies
In other news, insider Matteo Arduini sold 6,027 shares of Helios Technologies stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total value of $544,961.34. Following the completion of the sale, the insider directly owned 11,317 shares in the company, valued at $1,023,283.14. The trade was a 34.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.
Helios Technologies Stock Down 2.0%
Shares of Helios Technologies stock opened at $72.97 on Friday. The company's 50 day moving average price is $81.08 and its 200-day moving average price is $75.82. Helios Technologies, Inc has a 52-week low of $47.01 and a 52-week high of $95.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 34.10 and a beta of 1.27.
Helios Technologies (NYSE:HLIO - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%.The business had revenue of $231.90 million for the quarter. During the same period in the previous year, the firm posted $0.59 earnings per share. The business's revenue was up 9.1% compared to the same quarter last year. Helios Technologies has set its FY 2026 guidance at 3.050-3.250 EPS and its Q3 2026 guidance at 0.700-0.770 EPS. Equities research analysts forecast that Helios Technologies, Inc will post 3.19 EPS for the current year.
Helios Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. Helios Technologies's payout ratio is 22.43%.
Helios Technologies Company Profile
(
Free Report)
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company's Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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