Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,463,265 shares of the company’s stock after selling 559,459 shares during the period. Wellington Management Group LLP owned approximately 4.40% of Helios Technologies worth $65,320,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Helios Technologies in the 3rd quarter valued at about $224,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Helios Technologies by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock valued at $17,410,000 after acquiring an additional 38,307 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Helios Technologies by 20.1% in the third quarter. BNP Paribas Financial Markets now owns 13,111 shares of the company’s stock valued at $625,000 after acquiring an additional 2,190 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Helios Technologies by 60.1% during the third quarter. Rockefeller Capital Management L.P. now owns 53,959 shares of the company’s stock valued at $2,574,000 after acquiring an additional 20,250 shares during the period. Finally, Stifel Financial Corp raised its holdings in Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock worth $2,411,000 after purchasing an additional 16,041 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price target on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $26.45 on Friday. Helios Technologies, Inc. has a twelve month low of $24.90 and a twelve month high of $57.29. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $38.13 and a two-hundred day moving average of $44.63. The company has a market capitalization of $880.78 million, a price-to-earnings ratio of 23.41 and a beta of 1.03.

Helios Technologies declared that its board has initiated a stock buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is presently 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.