Cardinal Capital Management Acquires 2,866 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Cardinal Capital Management boosted its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,219 shares of the company’s stock after purchasing an additional 2,866 shares during the quarter. Cardinal Capital Management owned about 0.07% of Helios Technologies worth $1,060,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its position in shares of Helios Technologies by 8.7% during the 1st quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company’s stock valued at $186,345,000 after acquiring an additional 334,606 shares during the period. Vanguard Group Inc. boosted its position in shares of Helios Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock worth $144,966,000 after purchasing an additional 24,975 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Helios Technologies by 125.6% in the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock valued at $114,465,000 after buying an additional 1,405,098 shares during the period. Dimensional Fund Advisors LP increased its position in Helios Technologies by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after buying an additional 54,205 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Helios Technologies during the 2nd quarter worth approximately $42,900,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on HLIO. KeyCorp cut Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus decreased their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday.

Helios Technologies Stock Up 1.2 %

HLIO stock opened at $49.10 on Friday. The firm has a market capitalization of $1.63 billion, a PE ratio of 49.10 and a beta of 0.84. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. Helios Technologies, Inc. has a twelve month low of $37.50 and a twelve month high of $54.06. The stock’s 50 day moving average is $44.61 and its 200-day moving average is $46.18.

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, beating the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $215.80 million. During the same period last year, the business earned $0.81 EPS. The business’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Helios Technologies, Inc. will post 2.35 EPS for the current fiscal year.

Helios Technologies Announces Dividend

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 paid a $0.09 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.73%. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

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.