JPMorgan Chase & Co. Sells 64,787 Shares of Helios Technologies, Inc $HLIO

Key Points

• JPMorgan Chase cut its stake in Helios by 71.6% in Q3, selling 64,787 shares and leaving it with 25,639 shares worth about $1.34 million.
• Helios raised its quarterly dividend to $0.12 (from $0.09), implying a $0.48 annualized payout and a 0.7% yield, with an ex-dividend date of April 13 and payment on April 27.
• The stock (NYSE:HLIO) is trading near $72.54 with a $2.4B market cap and P/E ~50 after reporting $0.81 EPS and 17.4% year-over-year revenue growth; consensus rating is a Moderate Buy with a $71.75 target and JPMorgan's $80 target.

JPMorgan Chase & Co. lowered its stake in shares of Helios Technologies, Inc (NYSE:HLIO - Free Report) by 71.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,639 shares of the company's stock after selling 64,787 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Helios Technologies worth $1,337,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in Helios Technologies during the third quarter worth approximately $36,000. Quarry LP boosted its holdings in Helios Technologies by 948.6% during the third quarter. Quarry LP now owns 1,164 shares of the company's stock valued at $61,000 after acquiring an additional 1,053 shares during the period. State of Alaska Department of Revenue bought a new stake in Helios Technologies during the third quarter valued at about $96,000. CWM LLC boosted its holdings 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 period. Finally, Tower Research Capital LLC TRC boosted its holdings in Helios Technologies by 39.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock valued at $141,000 after acquiring an additional 1,196 shares during the period. Institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Up 3.8%

Shares of HLIO opened at $72.54 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 50.02 and a beta of 1.25. The company has a quick ratio of 1.58, a current ratio of 2.90 and a debt-to-equity ratio of 0.39. Helios Technologies, Inc has a 12 month low of $25.12 and a 12 month high of $76.47. The company has a 50-day moving average price of $69.06 and a two-hundred day moving average price of $60.31.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. The firm had revenue of $210.70 million during the quarter. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS.

Helios Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 13th. This is a boost from Helios Technologies's previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. Helios Technologies's dividend payout ratio (DPR) is 24.83%.

Analyst Ratings Changes

A number of research firms have issued reports on HLIO. Wall Street Zen upgraded shares of Helios Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 7th. Zacks Research cut shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 2nd. CJS Securities upgraded shares of Helios Technologies to a "strong-buy" rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Helios Technologies in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. initiated coverage on Helios Technologies in a research report on Tuesday, January 20th. They issued an "overweight" rating and a $80.00 target price for the company. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.75.

Helios Technologies Company Profile

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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