Royal Bank of Canada Sells 6,722 Shares of Helios Technologies, Inc $HLIO

Royal Bank of Canada decreased its stake in Helios Technologies, Inc (NYSE:HLIO) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,188 shares of the company’s stock after selling 6,722 shares during the period. Royal Bank of Canada’s holdings in Helios Technologies were worth $4,154,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its stake in Helios Technologies by 5.1% in the fourth quarter. LPL Financial LLC now owns 5,689 shares of the company’s stock worth $304,000 after purchasing an additional 274 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Helios Technologies by 14.1% in the fourth quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock valued at $158,000 after acquiring an additional 363 shares during the period. ProShare Advisors LLC increased its position in shares of Helios Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,065 shares of the company’s stock valued at $324,000 after acquiring an additional 391 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Helios Technologies by 1.3% during the first quarter. GHP Investment Advisors Inc. now owns 42,608 shares of the company’s stock valued at $2,757,000 after acquiring an additional 528 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Helios Technologies by 3.6% during the first quarter. The Manufacturers Life Insurance Company now owns 15,631 shares of the company’s stock worth $1,011,000 after purchasing an additional 542 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Matteo Arduini sold 6,027 shares of Helios Technologies stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total value of $544,961.34. Following the completion of the sale, the insider owned 11,317 shares of the company’s stock, valued at $1,023,283.14. The trade was a 34.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen cut Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Helios Technologies from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Helios Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $96.25.

Helios Technologies Price Performance

Shares of NYSE:HLIO opened at $80.88 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.58 and a current ratio of 2.86. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 37.79 and a beta of 1.27. The business has a 50-day simple moving average of $82.90 and a two-hundred day simple moving average of $75.19. Helios Technologies, Inc has a fifty-two week low of $47.01 and a fifty-two week high of $95.05.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Helios Technologies had a net margin of 8.01% and a return on equity of 11.49%. The firm had revenue of $231.90 million during the quarter. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Helios Technologies has set its FY 2026 guidance at 3.050-3.250 EPS and its Q3 2026 guidance at 0.700-0.770 EPS. On average, analysts expect that Helios Technologies, Inc will post 3.18 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, July 10th. Helios Technologies’s payout ratio is 26.37%.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.