GW&K Investment Management LLC boosted its stake in Nordson Co. (NASDAQ:NDSN) by 32.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,313 shares of the industrial products company’s stock after purchasing an additional 58,232 shares during the quarter. GW&K Investment Management LLC owned about 0.41% of Nordson worth $34,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in NDSN. FMR LLC raised its stake in Nordson by 7,456.8% in the first quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock valued at $6,369,000 after purchasing an additional 47,425 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Nordson by 18.5% during the second quarter. WINTON GROUP Ltd now owns 3,865 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 604 shares in the last quarter. Capital Insight Partners LLC raised its stake in shares of Nordson by 1.2% during the second quarter. Capital Insight Partners LLC now owns 9,833 shares of the industrial products company’s stock worth $1,390,000 after acquiring an additional 115 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Nordson during the second quarter worth approximately $594,000. Finally, Diversified Trust Co raised its stake in shares of Nordson by 14.4% during the second quarter. Diversified Trust Co now owns 3,464 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 435 shares in the last quarter. 68.80% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. Wells Fargo & Co lifted their price target on shares of Nordson from $135.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. ValuEngine downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson decreased their price target on shares of Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. BidaskClub raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Longbow Research set a $160.00 price target on shares of Nordson and gave the stock a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $146.33.
In related news, EVP Gregory P. Merk sold 14,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $144.17, for a total value of $2,018,380.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael F. Hilton sold 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $138.85, for a total transaction of $694,250.00. Following the completion of the transaction, the chief executive officer now owns 219,455 shares in the company, valued at approximately $30,471,326.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,679 shares of company stock worth $8,066,347. 1.97% of the stock is currently owned by company insiders.
Shares of NDSN stock traded down $1.13 during trading hours on Friday, hitting $163.19. 220,500 shares of the company’s stock were exchanged, compared to its average volume of 193,407. The company has a market capitalization of $9.45 billion, a PE ratio of 27.47, a PEG ratio of 1.53 and a beta of 1.22. The business’s 50 day simple moving average is $148.56 and its 200-day simple moving average is $140.16. Nordson Co. has a 12-month low of $110.16 and a 12-month high of $165.10. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.18). The firm had revenue of $559.75 million during the quarter, compared to the consensus estimate of $587.74 million. Nordson had a return on equity of 21.96% and a net margin of 14.74%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 EPS. Equities analysts anticipate that Nordson Co. will post 5.93 EPS for the current year.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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