Raymond James Financial Inc. Makes New Investment in Helios Technologies, Inc. (NASDAQ:HLIO)

Raymond James Financial Inc. acquired a new stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 172,389 shares of the company's stock, valued at approximately $7,696,000. Raymond James Financial Inc. owned approximately 0.52% of Helios Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its holdings in Helios Technologies by 71.8% in the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after acquiring an additional 287 shares during the period. US Bancorp DE lifted its position in shares of Helios Technologies by 321.2% during the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock worth $299,000 after purchasing an additional 5,113 shares in the last quarter. Empower Advisory Group LLC grew its holdings in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after purchasing an additional 615 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Helios Technologies during the 4th quarter valued at $315,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Helios Technologies during the 4th quarter valued at $330,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price target on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Helios Technologies Stock Up 1.0 %

HLIO traded up $0.28 during trading hours on Monday, reaching $28.15. 576,603 shares of the stock traded hands, compared to its average volume of 202,492. The firm's fifty day simple moving average is $32.71 and its two-hundred day simple moving average is $42.33. The company has a market cap of $938.16 million, a price-to-earnings ratio of 24.91 and a beta of 1.03. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies declared that its Board of Directors has authorized a stock buyback program on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.