Raymond James Financial Inc. Boosts Stock Holdings in Helios Technologies, Inc. $HLIO

Key Points

• Raymond James Financial Inc. increased its stake in Helios Technologies by 42.3% during the first quarter, owning a total of 245,274 shares worth $7.87 million.
• Equities analysts generally rate Helios Technologies as a Buy, with a consensus price target of $45.67, up from previous targets set by several firms.
• Helios Technologies reported earnings of $0.59 per share for the last quarter, exceeding expectations, while also setting future earnings guidance for FY 2025.

Raymond James Financial Inc. increased its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 42.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,274 shares of the company's stock after purchasing an additional 72,885 shares during the quarter. Raymond James Financial Inc. owned 0.74% of Helios Technologies worth $7,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLIO. KBC Group NV purchased a new stake in Helios Technologies in the first quarter worth approximately $26,000. Russell Investments Group Ltd. boosted its holdings in Helios Technologies by 7,183.3% in the first quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company's stock worth $42,000 after purchasing an additional 1,293 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Helios Technologies by 2,361.9% in the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock worth $145,000 after purchasing an additional 4,464 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in Helios Technologies by 148.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after purchasing an additional 2,232 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Helios Technologies by 8.4% in the first quarter. Procyon Advisors LLC now owns 10,267 shares of the company's stock worth $329,000 after purchasing an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, July 21st. KeyCorp restated an "overweight" rating and issued a $45.00 target price (up previously from $40.00) on shares of Helios Technologies in a report on Tuesday, August 5th. Finally, Robert W. Baird decreased their price target 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. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $45.67.

Helios Technologies Stock Down 1.4%

HLIO opened at $54.13 on Tuesday. 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, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29. The company has a market capitalization of $1.79 billion, a PE ratio of 47.90 and a beta of 1.30. The firm's 50 day simple moving average is $42.17 and its two-hundred day simple moving average is $35.66.

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

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, July 7th. Helios Technologies's dividend payout ratio (DPR) is presently 34.62%.

About Helios Technologies

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.

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