Creative Planning Purchases Shares of 7,260 Helios Technologies, Inc. (NASDAQ:HLIO)

Creative Planning acquired a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,260 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds have also modified their holdings of HLIO. Wellington Management Group LLP increased its holdings in Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after purchasing an additional 1,405,098 shares during the period. Vanguard Group Inc. increased its stake in shares of Helios Technologies by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock worth $145,974,000 after buying an additional 88,656 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Helios Technologies by 703.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock worth $196,000 after buying an additional 3,778 shares during the period. Quadrature Capital Ltd purchased a new position in Helios Technologies in the fourth quarter worth approximately $465,000. Finally, Cardinal Capital Management purchased a new position in Helios Technologies in the first quarter worth approximately $834,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

Shares of HLIO opened at $48.51 on Friday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 48.51 and a beta of 0.84. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $54.08. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $44.50 and a 200 day moving average price of $46.14.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. Research analysts predict that Helios Technologies, Inc. will post 2.35 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 4th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, October 4th. Helios Technologies’s payout ratio is 36.00%.

Wall Street Analyst Weigh In

HLIO has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

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.