D.A. Davidson & CO. Purchases Shares of 24,487 Helios Technologies, Inc $HLIO

Key Points

• D.A. Davidson & CO. bought a new stake of 24,487 shares of Helios Technologies (NYSE:HLIO) in Q4, valued at about $1.31 million, and institutional investors now own roughly 94.72% of the company.
• Helios has a market cap of about $2.21 billion and a P/E of 46.13; it reported Q results with $0.81 EPS (beating estimates) and revenue of $210.7M, up 17.4% year-over-year, and recently raised its quarterly dividend to $0.12 (annualized $0.48, ~0.7% yield).
• Analyst sentiment is skewed positive with a consensus rating of Moderate Buy and a $72.75 consensus target, while firms including JPMorgan, KeyCorp and Stifel have issued overweight/buy ratings and targets up to about $82.

D.A. Davidson & CO. purchased a new stake in shares of Helios Technologies, Inc (NYSE:HLIO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,487 shares of the company's stock, valued at approximately $1,310,000. D.A. Davidson & CO. owned about 0.07% of Helios Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC grew its position in Helios Technologies by 14.2% during the third quarter. CWM LLC now owns 1,886 shares of the company's stock valued at $98,000 after acquiring an additional 234 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Helios Technologies by 6.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,186 shares of the company's stock valued at $224,000 after acquiring an additional 246 shares during the last quarter. Royal Bank of Canada grew its position in Helios Technologies by 0.6% during the first quarter. Royal Bank of Canada now owns 89,391 shares of the company's stock valued at $2,868,000 after acquiring an additional 556 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Helios Technologies by 4.6% during the third quarter. CANADA LIFE ASSURANCE Co now owns 14,819 shares of the company's stock valued at $779,000 after acquiring an additional 650 shares during the last quarter. Finally, Triumph Capital Management bought a new position in Helios Technologies during the third quarter valued at approximately $36,000. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Stock Performance

Shares of Helios Technologies stock opened at $66.89 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.21 billion, a P/E ratio of 46.13 and a beta of 1.23. The business has a fifty day simple moving average of $68.04 and a two-hundred day simple moving average of $62.16. Helios Technologies, Inc has a 12 month low of $27.12 and a 12 month high of $76.47.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The business had revenue of $210.70 million during the quarter. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. On average, equities analysts forecast that Helios Technologies, Inc will post 2.76 earnings per share for the current fiscal year.

Helios Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were given a dividend of $0.12 per share. This is an increase from Helios Technologies's previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, April 13th. Helios Technologies's payout ratio is 33.10%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Helios Technologies in a research report on Tuesday, January 20th. They set an "overweight" rating and a $80.00 price target on the stock. KeyCorp increased their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, March 3rd. Zacks Research cut shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 2nd. Stifel Nicolaus raised their target price on shares of Helios Technologies from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Helios Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 7th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $72.75.

About Helios Technologies

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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