Franklin Resources Inc. Has $53.03 Million Position in Hollysys Automation Technologies Ltd (HOLI)

Franklin Resources Inc. boosted its stake in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 33.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,481,539 shares of the industrial products company’s stock after acquiring an additional 618,653 shares during the period. Franklin Resources Inc. owned 4.11% of Hollysys Automation Technologies worth $53,032,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Hollysys Automation Technologies by 4.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66,103 shares of the industrial products company’s stock valued at $1,413,000 after acquiring an additional 2,998 shares during the last quarter. Todd Asset Management LLC boosted its holdings in Hollysys Automation Technologies by 0.6% in the second quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock valued at $12,205,000 after acquiring an additional 3,355 shares during the last quarter. Navellier & Associates Inc boosted its holdings in Hollysys Automation Technologies by 5.1% in the second quarter. Navellier & Associates Inc now owns 74,204 shares of the industrial products company’s stock valued at $1,643,000 after acquiring an additional 3,632 shares during the last quarter. BB&T Securities LLC boosted its holdings in Hollysys Automation Technologies by 12.1% in the second quarter. BB&T Securities LLC now owns 43,925 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 4,734 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Hollysys Automation Technologies in the third quarter valued at approximately $102,000. Institutional investors and hedge funds own 75.16% of the company’s stock.

HOLI has been the topic of several analyst reports. Zacks Investment Research cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. BidaskClub upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. cut Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Wednesday, August 15th. Finally, ValuEngine cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.50.

Hollysys Automation Technologies stock opened at $19.03 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.60 and a beta of 1.46. Hollysys Automation Technologies Ltd has a 52-week low of $16.00 and a 52-week high of $28.35. The company has a current ratio of 3.17, a quick ratio of 3.05 and a debt-to-equity ratio of 0.03.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Tuesday, November 13th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The business had revenue of $138.72 million for the quarter, compared to the consensus estimate of $137.58 million. Hollysys Automation Technologies had a return on equity of 13.69% and a net margin of 20.16%. Hollysys Automation Technologies’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts forecast that Hollysys Automation Technologies Ltd will post 2.13 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Monday, November 12th. Shareholders of record on Monday, October 22nd were issued a dividend of $0.18 per share. This represents a dividend yield of 0.85%. This is a boost from Hollysys Automation Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Friday, October 19th. Hollysys Automation Technologies’s dividend payout ratio is presently 10.11%.

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Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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