Thrivent Financial for Lutherans Purchases 21,683 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Thrivent Financial for Lutherans boosted its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,841,823 shares of the company’s stock after acquiring an additional 21,683 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Helios Technologies worth $82,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock worth $31,000 after purchasing an additional 287 shares in the last quarter. Truvestments Capital LLC bought a new stake in Helios Technologies during the 3rd quarter worth approximately $179,000. Intech Investment Management LLC bought a new stake in Helios Technologies during the 3rd quarter worth approximately $224,000. US Bancorp DE increased its holdings in Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company’s stock worth $299,000 after purchasing an additional 5,113 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock worth $302,000 after purchasing an additional 615 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Performance

HLIO stock opened at $35.07 on Wednesday. The firm has a market cap of $1.17 billion, a PE ratio of 31.04 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $41.32 and a 200-day moving average of $45.49. Helios Technologies, Inc. has a 12-month low of $34.75 and a 12-month high of $57.29.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, April 4th. Helios Technologies’s dividend payout ratio is presently 30.77%.

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

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.