Bank of New York Mellon Corp Sells 172,124 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Bank of New York Mellon Corp lessened its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 33.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,407 shares of the company's stock after selling 172,124 shares during the period. Bank of New York Mellon Corp owned approximately 1.04% of Helios Technologies worth $11,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV bought a new stake in Helios Technologies during the 1st quarter worth approximately $26,000. GHP Investment Advisors Inc. increased its holdings in shares of Helios Technologies by 3.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 39,877 shares of the company's stock worth $1,280,000 after buying an additional 1,157 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Helios Technologies by 9.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 34,639 shares of the company's stock worth $1,112,000 after buying an additional 2,951 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of Helios Technologies by 9.0% in the 1st quarter. Cardinal Capital Management now owns 25,310 shares of the company's stock worth $812,000 after buying an additional 2,091 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Helios Technologies by 9.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company's stock worth $25,349,000 after buying an additional 68,990 shares during the last quarter. Institutional investors own 94.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HLIO. KeyCorp raised shares of Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price target on the stock in a report on Thursday, June 26th. Stifel Nicolaus increased their price target on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Robert W. Baird decreased their price target on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th.

Helios Technologies Price Performance

HLIO stock opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. Helios Technologies, Inc. has a 52 week low of $24.76 and a 52 week high of $57.29. The firm's fifty day moving average is $33.02 and its 200 day moving average is $35.07. The firm has a market cap of $1.21 billion, a P/E ratio of 32.02 and a beta of 1.26.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.53 EPS. The business's revenue was down 7.8% compared to the same quarter last year. Research analysts predict that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, July 7th. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

About Helios Technologies

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.

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