Raymond James & Associates Sells 3,867 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Raymond James & Associates lowered its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 7.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,592 shares of the company’s stock after selling 3,867 shares during the quarter. Raymond James & Associates’ holdings in Helios Technologies were worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. boosted its position in Helios Technologies by 1.0% during the first quarter. Wasatch Advisors Inc. now owns 4,668,305 shares of the company’s stock valued at $374,631,000 after purchasing an additional 46,746 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Helios Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 3,130,183 shares of the company’s stock worth $173,663,000 after acquiring an additional 21,983 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Helios Technologies by 12.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,972,489 shares of the company’s stock worth $161,823,000 after acquiring an additional 334,218 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Helios Technologies by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,702,808 shares of the company’s stock worth $179,061,000 after acquiring an additional 15,004 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Helios Technologies by 5.1% in the second quarter. BlackRock Inc. now owns 2,167,917 shares of the company’s stock worth $143,278,000 after acquiring an additional 105,695 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $45.70 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.74. The company has a market cap of $1.51 billion, a PE ratio of 40.08 and a beta of 0.96. The business has a 50-day simple moving average of $43.80 and a two-hundred day simple moving average of $44.67. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $67.31.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.13. The business had revenue of $193.40 million during the quarter, compared to the consensus estimate of $183.87 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities analysts expect that Helios Technologies, Inc. will post 2.44 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, April 4th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, April 3rd. Helios Technologies’s payout ratio is 31.58%.

Helios Technologies Company 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.