Barrow Hanley Mewhinney & Strauss LLC Sells 95,744 Shares of Helios Technologies, Inc. $HLIO

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,469 shares of the company’s stock after selling 95,744 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.52% of Helios Technologies worth $60,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Helios Technologies by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock valued at $84,806,000 after acquiring an additional 55,206 shares during the period. Thrivent Financial for Lutherans increased its holdings in Helios Technologies by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after purchasing an additional 112,213 shares during the period. Bank of America Corp DE raised its position in Helios Technologies by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock valued at $31,113,000 after purchasing an additional 68,182 shares in the last quarter. Geode Capital Management LLC raised its position in Helios Technologies by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 789,981 shares of the company’s stock valued at $26,365,000 after purchasing an additional 26,098 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Helios Technologies by 28.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 775,417 shares of the company’s stock worth $40,422,000 after acquiring an additional 170,050 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

HLIO has been the topic of several recent research reports. Stifel Nicolaus increased their target price on Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. began coverage on shares of Helios Technologies in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Technologies has an average rating of “Buy” and a consensus price target of $71.75.

Helios Technologies Stock Up 0.5%

Shares of NASDAQ HLIO opened at $65.90 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $76.47. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 58.32 and a beta of 1.26. The company’s 50-day simple moving average is $67.13 and its 200-day simple moving average is $58.60.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were paid a $0.09 dividend. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Helios Technologies’s payout ratio is currently 24.83%.

Helios Technologies Company Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.