Novanta Inc. $NOVT Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management increased its Novanta stake by 10.5% in the second quarter, bringing its holdings to 460,896 shares worth approximately $74.8 million. Institutional investors and hedge funds collectively own 98.35% of the company.
• Novanta reported quarterly EPS of $0.89, beating estimates of $0.83, while revenue rose 10.3% year over year to $265.81 million. The company maintained fiscal 2026 EPS guidance of $3.68–$3.74.
• Analyst sentiment is broadly positive, with Novanta carrying a consensus “Buy” rating and an average price target of $194, compared with a recent share price of $144.52. CEO Matthijs Glastra separately sold 6,500 shares under a pre-arranged Rule 10b5-1 plan.

Wellington Management Group LLP lifted its stake in shares of Novanta Inc. (NASDAQ:NOVT - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,896 shares of the technology company's stock after purchasing an additional 43,659 shares during the quarter. Wellington Management Group LLP owned about 1.22% of Novanta worth $74,776,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Novanta by 12.8% in the 1st quarter. Fifth Third Bancorp now owns 778 shares of the technology company's stock worth $92,000 after acquiring an additional 88 shares during the period. State of Michigan Retirement System increased its stake in shares of Novanta by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the technology company's stock worth $1,016,000 after acquiring an additional 100 shares during the period. HB Wealth Management LLC raised its holdings in Novanta by 9.0% during the first quarter. HB Wealth Management LLC now owns 1,989 shares of the technology company's stock worth $235,000 after purchasing an additional 164 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Novanta by 1.6% during the first quarter. Quantinno Capital Management LP now owns 10,746 shares of the technology company's stock worth $1,269,000 after purchasing an additional 169 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Novanta in the second quarter valued at about $34,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Matthijs Glastra sold 6,500 shares of Novanta stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $161.13, for a total transaction of $1,047,345.00. Following the completion of the transaction, the chief executive officer directly owned 29,761 shares of the company's stock, valued at approximately $4,795,389.93. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Novanta Stock Up 0.6%

NOVT stock opened at $144.52 on Thursday. The company has a current ratio of 4.57, a quick ratio of 3.79 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $151.75 and its 200 day moving average price is $143.39. Novanta Inc. has a 52 week low of $98.27 and a 52 week high of $176.38. The company has a market cap of $5.47 billion, a P/E ratio of 92.64 and a beta of 1.67.

Novanta (NASDAQ:NOVT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.06. Novanta had a net margin of 6.00% and a return on equity of 10.83%. The company had revenue of $265.81 million during the quarter, compared to analysts' expectations of $262.30 million. During the same period last year, the company posted $0.76 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Novanta has set its FY 2026 guidance at 3.680-3.740 EPS and its Q3 2026 guidance at 0.950-1.000 EPS. On average, research analysts expect that Novanta Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NOVT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Novanta in a report on Wednesday, July 15th. Robert W. Baird set a $194.00 price target on Novanta in a report on Friday, August 7th. Wall Street Zen upgraded Novanta from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Zacks Research raised Novanta from a "hold" rating to a "strong-buy" rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Novanta has a consensus rating of "Buy" and an average price target of $194.00.

About Novanta

Novanta, Inc NASDAQ: NOVT is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta's product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta's Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.

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