Northern Trust Corp Purchases 32,755 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Northern Trust Corp raised its position in Thermon Group Holdings, Inc. (NYSE:THR) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 336,909 shares of the technology company’s stock after purchasing an additional 32,755 shares during the period. Northern Trust Corp owned approximately 1.00% of Thermon Group worth $9,693,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of THR. Quarry LP boosted its holdings in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company’s stock valued at $25,000 after buying an additional 647 shares during the period. Assetmark Inc. acquired a new position in shares of Thermon Group in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new position in shares of Thermon Group in the fourth quarter valued at approximately $47,000. AlphaQuest LLC boosted its holdings in shares of Thermon Group by 57,825.0% in the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock valued at $67,000 after buying an additional 2,313 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Thermon Group by 4,731.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock valued at $111,000 after buying an additional 3,785 shares during the period. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Thermon Group Stock Down 0.6%

Thermon Group stock opened at $30.12 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 22.15 and a beta of 1.07. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $27.33 and a 200-day moving average of $28.71.

Thermon Group Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.