Barrow Hanley Mewhinney & Strauss LLC Sells 41,132 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 957,983 shares of the company’s stock after selling 41,132 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.88% of Helios Technologies worth $42,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in Helios Technologies in the fourth quarter valued at approximately $3,852,000. JPMorgan Chase & Co. increased its holdings in shares of Helios Technologies by 94.4% in the 4th quarter. JPMorgan Chase & Co. now owns 115,542 shares of the company’s stock worth $5,158,000 after buying an additional 56,113 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Helios Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after buying an additional 13,059 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Helios Technologies during the 4th quarter worth $330,000. Finally, Sei Investments Co. grew its position in Helios Technologies by 5.8% in the fourth quarter. Sei Investments Co. now owns 187,176 shares of the company’s stock worth $8,356,000 after acquiring an additional 10,225 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Down 5.3 %

Shares of HLIO opened at $32.21 on Monday. Helios Technologies, Inc. has a 1 year low of $32.10 and a 1 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 stock has a 50 day simple moving average of $39.61 and a two-hundred day simple moving average of $45.08. The firm has a market cap of $1.07 billion, a P/E ratio of 28.50 and a beta of 0.90.

Helios Technologies announced that its board has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.09 dividend. 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 1.12%. Helios Technologies’s dividend payout ratio (DPR) is 30.77%.

Analyst Ratings Changes

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

Helios Technologies Company Profile

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.