Geode Capital Management LLC Sells 2,072 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Geode Capital Management LLC decreased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,472 shares of the company’s stock after selling 2,072 shares during the period. Geode Capital Management LLC owned about 2.26% of Helios Technologies worth $33,510,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Helios Technologies during the 4th quarter worth approximately $3,852,000. JPMorgan Chase & Co. increased its stake in shares of Helios Technologies by 94.4% in the fourth quarter. JPMorgan Chase & Co. now owns 115,542 shares of the company’s stock valued at $5,158,000 after buying an additional 56,113 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Helios Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after buying an additional 13,059 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Helios Technologies during the 4th quarter worth about $330,000. Finally, Sei Investments Co. grew its holdings in Helios Technologies by 5.8% during the 4th quarter. Sei Investments Co. now owns 187,176 shares of the company’s stock worth $8,356,000 after acquiring an additional 10,225 shares during the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price objective on Helios Technologies from $58.00 to $35.00 and set a “buy” rating for the company in a research report on Monday.

Helios Technologies Price Performance

HLIO stock opened at $26.10 on Thursday. The stock has a 50-day moving average price of $34.76 and a two-hundred day moving average price of $43.41. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The stock has a market cap of $869.03 million, a PE ratio of 23.10 and a beta of 1.03. 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 announced that its board has authorized a share repurchase plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is currently 30.77%.

Helios Technologies 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.