Royce & Associates LP Purchases 46,140 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Royce & Associates LP lifted its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 434,799 shares of the company’s stock after buying an additional 46,140 shares during the quarter. Royce & Associates LP owned about 1.31% of Helios Technologies worth $19,409,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock valued at $2,740,000 after buying an additional 40,048 shares in the last quarter. Stifel Financial Corp boosted its position in Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock worth $2,411,000 after purchasing an additional 16,041 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Helios Technologies by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after purchasing an additional 38,307 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Helios Technologies by 5,804.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after purchasing an additional 708,715 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Helios Technologies by 18.5% during the fourth quarter. Bank of New York Mellon Corp now owns 519,531 shares of the company’s stock worth $23,192,000 after purchasing an additional 81,100 shares during the period. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th.

Helios Technologies Stock Up 2.6 %

Shares of Helios Technologies stock opened at $35.95 on Monday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 31.81 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $41.70 and a two-hundred day moving average price of $45.61. Helios Technologies, Inc. has a 12-month low of $34.91 and a 12-month high of $57.29.

Helios Technologies declared that its Board of Directors has approved a share repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.00%. Helios Technologies’s dividend payout ratio (DPR) is presently 30.77%.

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.