Insider Selling: Helios Technologies, Inc. (NASDAQ:HLIO) Director Sells 615 Shares of Stock

Helios Technologies, Inc. (NASDAQ:HLIO) Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the sale, the director now owns 3,636 shares in the company, valued at $196,016.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Helios Technologies Price Performance

Shares of NASDAQ HLIO traded down $0.83 during mid-day trading on Friday, hitting $52.80. 168,110 shares of the stock were exchanged, compared to its average volume of 206,698. The company has a market cap of $1.75 billion, a P/E ratio of 26.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $57.29. The stock’s fifty day simple moving average is $46.08 and its two-hundred day simple moving average is $46.49.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 8.29% and a net margin of 4.57%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, analysts forecast that Helios Technologies, Inc. will post 2.15 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies’s dividend payout ratio is 31.86%.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Helios Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after purchasing an additional 24,975 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Helios Technologies by 30.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock valued at $86,821,000 after buying an additional 428,110 shares during the period. Dimensional Fund Advisors LP boosted its stake in Helios Technologies by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after acquiring an additional 54,205 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Helios Technologies during the 2nd quarter valued at $42,900,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Helios Technologies by 24.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company’s stock worth $22,140,000 after purchasing an additional 90,806 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, October 16th.

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.