Helios Technologies, Inc $HLIO Stock Sold by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors cut its Helios Technologies stake by 22.7% in the third quarter, selling 246,607 shares; it retained 837,738 shares valued at about $56.9 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $96.25. Recent targets included JPMorgan’s increase to $110 and KeyCorp’s increase to $95.
• Helios reported quarterly EPS of $0.88, beating the $0.80 consensus, while revenue rose 9.1% year over year to $231.9 million.

Conestoga Capital Advisors LLC lowered its stake in shares of Helios Technologies, Inc (NYSE:HLIO - Free Report) by 22.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 837,738 shares of the company's stock after selling 246,607 shares during the quarter. Helios Technologies makes up approximately 1.7% of Conestoga Capital Advisors LLC's holdings, making the stock its 23rd biggest holding. Conestoga Capital Advisors LLC owned about 2.54% of Helios Technologies worth $56,899,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HLIO. Fifth Third Wealth Advisors LLC bought a new position in shares of Helios Technologies in the third quarter worth about $250,000. Inspire Investing LLC grew its stake in shares of Helios Technologies by 23.2% during the third quarter. Inspire Investing LLC now owns 9,389 shares of the company's stock valued at $638,000 after purchasing an additional 1,771 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Helios Technologies by 3.0% during the third quarter. Pinnacle Associates Ltd. now owns 29,626 shares of the company's stock valued at $2,012,000 after purchasing an additional 863 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Helios Technologies by 15.1% in the third quarter. Nisa Investment Advisors LLC now owns 12,158 shares of the company's stock valued at $826,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in Helios Technologies by 28.0% during the 3rd quarter. Contravisory Investment Management Inc. now owns 4,754 shares of the company's stock worth $323,000 after purchasing an additional 1,041 shares during the last quarter. Institutional investors own 94.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HLIO. Wall Street Zen downgraded Helios Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on Helios Technologies from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. KeyCorp increased their price objective on shares of Helios Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.25.

Helios Technologies Stock Down 1.9%

Shares of NYSE:HLIO opened at $67.12 on Thursday. Helios Technologies, Inc has a 12-month low of $49.86 and a 12-month high of $95.05. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.21 billion, a P/E ratio of 31.36 and a beta of 1.28. The business has a fifty day simple moving average of $69.11 and a 200 day simple moving average of $73.44.

Helios Technologies (NYSE:HLIO - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. The firm had revenue of $231.90 million for the quarter. During the same quarter last year, the firm posted $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. Analysts predict that Helios Technologies, Inc will post 3.17 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. Helios Technologies's dividend payout ratio is 22.43%.

About Helios Technologies

Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.

The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.

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