Raymond James Financial Inc. Takes Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Raymond James Financial Inc. purchased a new position in Helios Technologies, Inc. (NASDAQ:HLIO) during the fourth quarter, Holdings Channel.com reports. The fund purchased 172,389 shares of the company’s stock, valued at approximately $7,696,000.

Several other institutional investors have also bought and sold shares of HLIO. Signaturefd LLC raised its stake in shares of Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after buying an additional 287 shares during the period. US Bancorp DE raised its stake in Helios Technologies by 321.2% in the 4th quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $299,000 after acquiring an additional 5,113 shares during the period. Empower Advisory Group LLC raised its stake in Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after acquiring an additional 615 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Helios Technologies during the fourth quarter valued at about $315,000. Finally, KLP Kapitalforvaltning AS bought a new position in Helios Technologies during the fourth quarter worth about $330,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Price Performance

Helios Technologies stock opened at $26.63 on Wednesday. The firm has a market capitalization of $886.51 million, a P/E ratio of 23.56 and a beta of 1.03. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The business has a fifty day moving average price of $33.51 and a 200-day moving average price of $42.78.

Helios Technologies announced that its Board of Directors has initiated a share repurchase program on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.35%. Helios Technologies’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price target on shares of Helios Technologies from $58.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.

About Helios Technologies

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.