Northern Trust Corp Boosts Position in Hurco Companies, Inc. (HURC)

Northern Trust Corp increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,399 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,212 shares during the quarter. Northern Trust Corp owned approximately 1.15% of Hurco Companies worth $2,655,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in shares of Hurco Companies by 3.8% during the second quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock worth $144,000 after purchasing an additional 152 shares during the period. Strs Ohio boosted its holdings in shares of Hurco Companies by 6.5% during the second quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock worth $344,000 after purchasing an additional 600 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Hurco Companies by 7.8% during the second quarter. Nationwide Fund Advisors now owns 8,281 shares of the scientific and technical instruments company’s stock worth $288,000 after purchasing an additional 600 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Hurco Companies by 1.6% during the second quarter. JPMorgan Chase & Co. now owns 110,911 shares of the scientific and technical instruments company’s stock worth $3,854,000 after purchasing an additional 1,795 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Hurco Companies by 0.7% during the second quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock worth $34,288,000 after purchasing an additional 7,300 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.

In related news, CEO Michael Doar sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $41.06, for a total transaction of $287,420.00. Following the transaction, the chief executive officer now owns 96,377 shares of the company’s stock, valued at $3,957,239.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Cruickshank sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $39.00, for a total transaction of $39,000.00. Following the transaction, the director now directly owns 37,396 shares in the company, valued at approximately $1,458,444. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,000 shares of company stock worth $1,241,780. Insiders own 8.30% of the company’s stock.

Separately, ValuEngine cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.

Hurco Companies, Inc. (NASDAQ:HURC) opened at $44.90 on Monday. The firm has a market cap of $297.43, a P/E ratio of 26.41 and a beta of 0.53. Hurco Companies, Inc. has a 52-week low of $26.25 and a 52-week high of $46.75.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter. The firm had revenue of $60.77 million for the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, January 2nd. Hurco Companies’s payout ratio is presently 23.53%.

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Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

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Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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