Helios Technologies, Inc. $HLIO Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 26.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,190 shares of the company’s stock after selling 18,543 shares during the period. King Luther Capital Management Corp owned about 0.16% of Helios Technologies worth $2,721,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC raised its stake in shares of Helios Technologies by 1,276.7% in the 2nd quarter. CWM LLC now owns 1,652 shares of the company’s stock valued at $55,000 after acquiring an additional 1,532 shares during the period. State of Alaska Department of Revenue purchased a new stake in Helios Technologies during the 3rd quarter worth $96,000. Tower Research Capital LLC TRC increased its holdings in Helios Technologies by 39.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $141,000 after purchasing an additional 1,196 shares in the last quarter. AlphaQuest LLC purchased a new position in Helios Technologies in the second quarter valued at about $175,000. Finally, Legacy Wealth Asset Management LLC acquired a new position in shares of Helios Technologies during the third quarter worth about $205,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Trading Up 0.9%

Shares of HLIO opened at $74.38 on Friday. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $76.16. The stock has a 50-day moving average price of $63.51 and a 200 day moving average price of $56.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company has a market capitalization of $2.46 billion, a P/E ratio of 65.82 and a beta of 1.30.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is presently 35.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HLIO shares. JPMorgan Chase & Co. started coverage on Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price for the company. KeyCorp upped their price target on Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Stifel Nicolaus increased their price objective on shares of Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $69.25.

About Helios Technologies

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.