B. Metzler seel. Sohn & Co. AG Sells 6,146 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,591 shares of the company’s stock after selling 6,146 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.13% of Helios Technologies worth $1,901,000 as of its most recent filing with the Securities & Exchange Commission.

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

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO opened at $32.04 on Thursday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 28.35 and a beta of 0.90. Helios Technologies, Inc. has a 12 month low of $30.75 and a 12 month high of $57.29. The firm’s 50-day moving average is $38.82 and its 200 day moving average is $44.86.

Helios Technologies declared that its Board of Directors has approved a stock buyback plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Helios Technologies Dividend Announcement

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 $0.09 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. Helios Technologies’s payout ratio is 30.77%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price target 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 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.