Bahl & Gaynor Inc. Has $718,000 Stock Holdings in HEICO Co. (NYSE:HEI)

Bahl & Gaynor Inc. decreased its position in HEICO Co. (NYSE:HEI) by 1.7% in the 1st quarter, HoldingsChannel reports. The fund owned 3,758 shares of the aerospace company’s stock after selling 65 shares during the period. Bahl & Gaynor Inc.’s holdings in HEICO were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HEI. Moody Lynn & Lieberson LLC raised its stake in shares of HEICO by 2.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of HEICO by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after acquiring an additional 81 shares in the last quarter. Desjardins Global Asset Management Inc. increased its stake in HEICO by 7.9% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after acquiring an additional 107 shares during the period. KPP Advisory Services LLC raised its position in HEICO by 7.0% in the fourth quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 124 shares in the last quarter. Finally, Zeno Equity Partners LLP bought a new position in HEICO during the fourth quarter worth about $25,000. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HEI shares. Truist Financial upped their price objective on HEICO from $240.00 to $248.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada increased their price objective on HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Bank of America boosted their target price on shares of HEICO from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Robert W. Baird increased their target price on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Finally, Benchmark boosted their price target on shares of HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.89.

Insider Activity at HEICO

In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Eric A. Mendelson sold 53,510 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the completion of the sale, the insider now directly owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares in the company, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders have sold 65,206 shares of company stock worth $11,850,127 over the last ninety days. Company insiders own 8.10% of the company’s stock.

HEICO Trading Down 0.6 %

Shares of NYSE HEI traded down $1.28 during midday trading on Wednesday, hitting $229.94. The stock had a trading volume of 158,456 shares, compared to its average volume of 381,643. The firm has a market cap of $31.85 billion, a P/E ratio of 72.78, a price-to-earnings-growth ratio of 3.30 and a beta of 1.20. HEICO Co. has a fifty-two week low of $155.42 and a fifty-two week high of $232.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57. The company’s 50-day simple moving average is $223.39 and its 200 day simple moving average is $202.63.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The firm had revenue of $955.40 million during the quarter, compared to analyst estimates of $951.24 million. During the same period last year, the company earned $0.76 earnings per share. The company’s revenue was up 38.9% on a year-over-year basis. Research analysts anticipate that HEICO Co. will post 3.57 EPS for the current year.

HEICO Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a dividend of $0.11 per share. This represents a dividend yield of 0.1%. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, July 1st. HEICO’s payout ratio is 6.92%.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.