Helios Technologies, Inc. $HLIO Stock Position Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Helios Technologies, Inc. by 24.4%, selling 356,344 shares in the first quarter, resulting in ownership of about 1.1 million shares valued at approximately $35.5 million.
• Helios Technologies has received multiple price target updates from analysts, with an average price target now at $45.67, reflecting optimism as several firms maintain a "Buy" or "Outperform" rating.
• The company reported a net margin of 4.57% and earnings per share (EPS) of $0.59 for the last quarter, beating expectations of $0.50, but noted a 3.4% year-over-year decline in quarterly revenue.

Wellington Management Group LLP lowered its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,106,921 shares of the company's stock after selling 356,344 shares during the quarter. Wellington Management Group LLP owned 3.32% of Helios Technologies worth $35,521,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HLIO. Voya Investment Management LLC boosted its stake in Helios Technologies by 25.1% during the fourth quarter. Voya Investment Management LLC now owns 450,429 shares of the company's stock valued at $20,107,000 after buying an additional 90,362 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Helios Technologies during the first quarter valued at $2,771,000. Dimensional Fund Advisors LP lifted its holdings in shares of Helios Technologies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company's stock valued at $64,227,000 after purchasing an additional 79,178 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Helios Technologies by 42.3% during the first quarter. Raymond James Financial Inc. now owns 245,274 shares of the company's stock valued at $7,870,000 after purchasing an additional 72,885 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Helios Technologies by 9.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company's stock valued at $25,349,000 after purchasing an additional 68,990 shares during the last quarter. Institutional investors own 94.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HLIO. Robert W. Baird reduced their target price on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus upped their target price on Helios Technologies from $39.00 to $43.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, KeyCorp reaffirmed an "overweight" rating and set a $45.00 target price (up from $40.00) on shares of Helios Technologies in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $45.67.

Helios Technologies Stock Down 1.4%

Helios Technologies stock traded down $0.78 during mid-day trading on Friday, hitting $54.13. The company's stock had a trading volume of 217,956 shares, compared to its average volume of 326,734. The firm's 50 day moving average is $41.71 and its 200 day moving average is $35.61. The company has a market cap of $1.79 billion, a PE ratio of 47.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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, analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, July 7th. Helios Technologies's dividend payout ratio is currently 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.