Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,448 shares of the company's stock after selling 44,875 shares during the quarter. New York State Common Retirement Fund owned about 1.05% of Helios Technologies worth $11,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Helios Technologies by 30.3% in the first quarter. Envestnet Asset Management Inc. now owns 121,779 shares of the company's stock worth $3,908,000 after purchasing an additional 28,316 shares during the period. KBC Group NV bought a new position in shares of Helios Technologies in the first quarter worth approximately $26,000. GHP Investment Advisors Inc. lifted its stake in shares of Helios Technologies by 3.0% in the first 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Helios Technologies by 9.3% in the first 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 in the last quarter. Finally, Cardinal Capital Management lifted its stake in shares of Helios Technologies by 9.0% in the first quarter. Cardinal Capital Management now owns 25,310 shares of the company's stock worth $812,000 after buying an additional 2,091 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Price Performance

HLIO traded down $0.74 during trading on Friday, hitting $36.19. 406,589 shares of the company traded hands, compared to its average volume of 253,115. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The company has a market cap of $1.21 billion, a PE ratio of 32.02 and a beta of 1.26. The stock's 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $35.14. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $0.53 earnings per share. The business's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, July 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.99%. Helios Technologies's payout ratio is 32.43%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HLIO shares. Robert W. Baird lowered their price objective on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. 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 research report on Thursday, May 8th. Finally, KeyCorp upgraded 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 research report on Thursday, June 26th.

Helios Technologies Company Profile

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.