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

Royal Bank of Canada trimmed its position in shares of Helios Technologies, Inc (NYSE:HLIO) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,188 shares of the company’s stock after selling 6,722 shares during the period. Royal Bank of Canada owned approximately 0.19% of Helios Technologies worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of HLIO. Wellington Management Group LLP increased its stake in Helios Technologies by 114.9% in the fourth quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company’s stock valued at $106,848,000 after purchasing an additional 1,067,846 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Helios Technologies in the 4th quarter worth about $42,583,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Helios Technologies by 106.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 594,361 shares of the company’s stock valued at $30,984,000 after purchasing an additional 306,659 shares during the period. Wasatch Advisors LP grew its holdings in Helios Technologies by 35.4% in the 1st quarter. Wasatch Advisors LP now owns 799,008 shares of the company’s stock worth $51,704,000 after buying an additional 208,823 shares in the last quarter. Finally, SG Capital Management LLC acquired a new stake in Helios Technologies in the 4th quarter valued at approximately $10,570,000. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

HLIO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird upped their price target on shares of Helios Technologies from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.25.

Insider Buying and Selling

In related news, insider Matteo Arduini sold 6,027 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total transaction of $544,961.34. Following the transaction, the insider directly owned 11,317 shares of the company’s stock, valued at $1,023,283.14. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Helios Technologies Stock Up 0.1%

Shares of HLIO opened at $80.88 on Friday. The stock has a market capitalization of $2.66 billion, a PE ratio of 37.79 and a beta of 1.27. The company has a current ratio of 2.86, a quick ratio of 1.58 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $82.90 and its 200-day moving average is $75.19. Helios Technologies, Inc has a 12 month low of $47.01 and a 12 month high of $95.05.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings data on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $231.90 million during the quarter. Helios Technologies had a return on equity of 11.49% and a net margin of 8.01%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. 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. Equities research analysts forecast that Helios Technologies, Inc will post 3.18 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. Helios Technologies’s dividend 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.