Northern Trust Corp Has $1.75 Million Holdings in Hardinge Inc. (HDNG)

Northern Trust Corp raised its holdings in Hardinge Inc. (NASDAQ:HDNG) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,526 shares of the industrial products company’s stock after purchasing an additional 3,575 shares during the period. Northern Trust Corp owned about 1.09% of Hardinge worth $1,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Royce & Associates LP raised its position in shares of Hardinge by 3.9% in the 2nd quarter. Royce & Associates LP now owns 1,114,105 shares of the industrial products company’s stock valued at $13,837,000 after purchasing an additional 41,886 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Hardinge by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 136,362 shares of the industrial products company’s stock valued at $1,694,000 after purchasing an additional 800 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hardinge by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,772 shares of the industrial products company’s stock valued at $953,000 after purchasing an additional 1,027 shares in the last quarter. Strs Ohio raised its position in shares of Hardinge by 13.8% in the 2nd quarter. Strs Ohio now owns 49,400 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 6,000 shares in the last quarter. Finally, First Manhattan Co. raised its position in shares of Hardinge by 431.7% in the 2nd quarter. First Manhattan Co. now owns 36,950 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 30,000 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on HDNG shares. ValuEngine lowered Hardinge from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a research report on Monday, August 21st.

Hardinge Inc. (NASDAQ HDNG) opened at $16.69 on Friday. Hardinge Inc. has a 52-week low of $9.51 and a 52-week high of $18.00. The stock has a market capitalization of $216.10, a P/E ratio of 20.11 and a beta of 0.92.

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Hardinge Company Profile

Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.

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Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

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