Palisade Capital Management LP Makes New Investment in Helios Technologies, Inc $HLIO

Key Points

• Palisade Capital Management acquired 39,709 shares of Helios Technologies valued at approximately $3.54 million, joining other institutions that have recently increased their positions. Institutional investors own 94.72% of the company.
• Analysts maintain a generally positive outlook, with Helios receiving a consensus “Moderate Buy” rating and an average price target of $96.25. Recent target increases include JPMorgan’s move to $110 and Stifel’s to $95.
• Helios reported quarterly EPS of $0.88, exceeding the $0.80 consensus estimate, while revenue rose 9.1% year over year to $231.9 million. The company also declared a quarterly dividend of $0.12 per share, implying a 0.6% yield.

Palisade Capital Management LP acquired a new stake in shares of Helios Technologies, Inc (NYSE:HLIO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,709 shares of the company's stock, valued at approximately $3,544,000. Palisade Capital Management LP owned approximately 0.12% of Helios Technologies at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in shares of Helios Technologies in the first quarter valued at approximately $29,000. Triumph Capital Management purchased a new position in Helios Technologies in the third quarter worth $36,000. Allworth Financial LP purchased a new position in Helios Technologies in the second quarter worth $40,000. Quarry LP grew its stake in Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company's stock valued at $61,000 after purchasing an additional 1,053 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Helios Technologies in the 4th quarter valued at $66,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Helios Technologies

In related news, insider Matteo Arduini sold 6,027 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total transaction of $544,961.34. Following the completion of the sale, the insider directly owned 11,317 shares in the company, valued at $1,023,283.14. This represents a 34.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HLIO shares. Wall Street Zen downgraded Helios Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Stifel Nicolaus raised their target price on Helios Technologies from $93.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on Helios Technologies from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Weiss Ratings raised Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Finally, KeyCorp increased their price target on Helios Technologies from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.25.

Helios Technologies Price Performance

Shares of NYSE HLIO opened at $74.36 on Wednesday. The stock has a market cap of $2.45 billion, a PE ratio of 34.75 and a beta of 1.27. Helios Technologies, Inc has a fifty-two week low of $47.01 and a fifty-two week high of $95.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The stock has a fifty day moving average of $81.94 and a 200-day moving average of $75.80.

Helios Technologies (NYSE:HLIO - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, beating 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 during the quarter. During the same quarter last year, the firm earned $0.59 earnings per share. 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. Equities research analysts anticipate that Helios Technologies, Inc will post 3.19 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, July 10th. Helios Technologies's dividend payout ratio is presently 22.43%.

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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