411,128 Shares in Helios Technologies, Inc $HLIO Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 411,128 shares of Helios Technologies in the second quarter, valued at approximately $36.7 million and representing about 1.25% of the company. Institutional investors and hedge funds collectively own 94.72% of HLIO.
• Helios reported quarterly EPS of $0.88, exceeding the $0.80 consensus estimate, while revenue rose 9.1% year over year to $231.9 million. The company maintained fiscal 2026 EPS guidance of $3.05–$3.25.
• Analyst sentiment remains positive, with an overall “Moderate Buy” rating and an average price target of $96.25, despite some recent downgrades from individual research firms.

Bank of America Corp DE acquired a new stake in shares of Helios Technologies, Inc (NYSE:HLIO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 411,128 shares of the company's stock, valued at approximately $36,693,000. Bank of America Corp DE owned about 1.25% of Helios Technologies as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HLIO. William Blair Investment Management LLC acquired a new stake in Helios Technologies in the second quarter valued at about $74,454,000. Lazard Asset Management LLC acquired a new position in Helios Technologies during the 1st quarter worth approximately $1,966,000. Leeward Investments LLC MA acquired a new position in Helios Technologies during the 1st quarter worth approximately $9,659,000. Fifth Third Bancorp raised its stake in shares of Helios Technologies by 17,367.4% during the 1st quarter. Fifth Third Bancorp now owns 129,783 shares of the company's stock worth $8,398,000 after buying an additional 129,040 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Helios Technologies during the 2nd quarter worth approximately $14,921,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

NYSE:HLIO opened at $68.25 on Tuesday. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.25 billion, a P/E ratio of 31.89 and a beta of 1.26. The firm has a 50-day moving average price of $76.11 and a two-hundred day moving average price of $75.40. Helios Technologies, Inc has a twelve month low of $47.01 and a twelve month high of $95.05.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. The company had revenue of $231.90 million for the quarter. During the same period last year, the company earned $0.59 EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. 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. As a group, research analysts expect that Helios Technologies, Inc will post 3.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HLIO has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Helios Technologies from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Zacks Research cut shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Stifel Nicolaus increased their price target on shares of Helios Technologies from $93.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Weiss Ratings cut shares of Helios Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Helios Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.25.

About Helios Technologies

Helios Technologies, Inc is an industrial technology company that develops and manufactures solutions for motion control and electronic control systems. Its products are used by original equipment manufacturers and other customers in markets including mobile and off-highway equipment, industrial machinery, energy, recreational vehicles, and health and wellness applications.

The company operates through two primary areas: hydraulics and electronics. Its hydraulics portfolio includes cartridge valves, electro-hydraulic valves, integrated hydraulic manifolds, and related controls marketed under brands such as Sun Hydraulics.

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