Palisade Capital Management LP Takes Position in Helios Technologies, Inc $HLIO

Palisade Capital Management LP acquired a new position in shares of Helios Technologies, Inc (NYSE:HLIO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,709 shares of the company’s stock, valued at approximately $3,544,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in Helios Technologies by 0.6% in the 1st quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock worth $2,868,000 after acquiring an additional 556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Helios Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock worth $634,000 after purchasing an additional 862 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Helios Technologies by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock valued at $4,615,000 after purchasing an additional 17,914 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Helios Technologies by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock valued at $2,276,000 after buying an additional 9,041 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Helios Technologies by 198.2% during the first quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock valued at $1,816,000 after buying an additional 37,624 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Stifel Nicolaus raised their target price on shares of Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.25.

Helios Technologies Trading Up 0.5%

Shares of NYSE:HLIO opened at $74.36 on Wednesday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 34.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The stock’s 50-day simple moving average is $81.94 and its two-hundred day simple moving average is $75.80. Helios Technologies, Inc has a 52-week low of $47.01 and a 52-week high of $95.05.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $231.90 million for the quarter. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. 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. Analysts expect that Helios Technologies, Inc will post 3.19 EPS for the current year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. Helios Technologies’s dividend payout ratio (DPR) is currently 22.43%.

Insider Activity

In other Helios Technologies news, insider Matteo Arduini sold 6,027 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 11,317 shares in the company, valued at $1,023,283.14. This represents a 34.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Helios Technologies Profile

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.