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Wells Fargo & Company MN Sells 43,027 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Thermon Group logo with Computer and Technology background

Wells Fargo & Company MN lessened its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 394,229 shares of the technology company's stock after selling 43,027 shares during the period. Wells Fargo & Company MN owned 1.17% of Thermon Group worth $11,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in Thermon Group by 2.1% during the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock worth $595,000 after acquiring an additional 422 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Thermon Group by 2.1% during the fourth quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock valued at $860,000 after purchasing an additional 626 shares during the last quarter. Riverpoint Wealth Management Holdings LLC boosted its position in shares of Thermon Group by 1.7% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after purchasing an additional 805 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Thermon Group by 1.7% in the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company's stock worth $1,436,000 after buying an additional 857 shares during the last quarter. Finally, Assetmark Inc. bought a new position in Thermon Group during the 4th quarter valued at approximately $26,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Up 0.5 %

Shares of NYSE THR traded up $0.13 during midday trading on Friday, hitting $24.95. The stock had a trading volume of 118,772 shares, compared to its average volume of 170,234. The business's 50 day moving average is $27.97 and its 200-day moving average is $28.78. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week 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 market cap of $840.40 million, a P/E ratio of 18.34 and a beta of 0.96.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Get Our Latest Analysis on Thermon Group

Thermon Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thermon Group (NYSE:THR)

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