Northern Trust Corp Sells 10,189 Shares of Helios Technologies, Inc. $HLIO

Key Points

• Northern Trust Corp has reduced its stake in Helios Technologies, Inc. by 3.2%, selling 10,189 shares, leaving it with about 312,283 shares worth approximately $10 million.
• Analysts from KeyCorp and Stifel Nicolaus have raised their target prices for Helios Technologies, now sitting at $61.00 and $43.00 respectively, while the stock holds a consensus rating of "Buy".
• Helios reported $0.59 EPS for the last quarter, surpassing estimates, while forecasting earnings per share of between 2.300-2.500 for FY 2025.

Northern Trust Corp lessened its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 312,283 shares of the company's stock after selling 10,189 shares during the period. Northern Trust Corp owned about 0.94% of Helios Technologies worth $10,021,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Susquehanna International Group LLP raised its position in Helios Technologies by 49.0% in the 4th quarter. Susquehanna International Group LLP now owns 39,204 shares of the company's stock worth $1,750,000 after buying an additional 12,889 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Helios Technologies by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,790 shares of the company's stock worth $1,375,000 after buying an additional 2,208 shares during the last quarter. Ameriprise Financial Inc. raised its position in Helios Technologies by 16.8% in the 4th quarter. Ameriprise Financial Inc. now owns 157,551 shares of the company's stock worth $7,033,000 after buying an additional 22,680 shares during the last quarter. Deutsche Bank AG raised its position in Helios Technologies by 51.6% in the 4th quarter. Deutsche Bank AG now owns 31,174 shares of the company's stock worth $1,392,000 after buying an additional 10,616 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Helios Technologies by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 637,703 shares of the company's stock worth $28,467,000 after buying an additional 5,684 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HLIO shares. KeyCorp boosted their target price on Helios Technologies from $45.00 to $61.00 and gave the stock an "overweight" rating in a research report on Friday. Stifel Nicolaus boosted their target price on Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $51.00.

Helios Technologies Stock Up 1.6%

Shares of HLIO stock opened at $55.38 on Friday. Helios Technologies, Inc. has a 12 month low of $24.76 and a 12 month high of $57.29. The stock has a market cap of $1.84 billion, a P/E ratio of 49.01 and a beta of 1.30. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $43.88 and a two-hundred day simple moving average of $36.09.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.09. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Helios Technologies has set its FY 2025 guidance at 2.300-2.500 EPS. Q3 2025 guidance at 0.600-0.680 EPS. On average, research analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.