Cerity Partners LLC increased its holdings in Nordson Co. (NASDAQ:NDSN – Get Rating) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,104 shares of the industrial products company's stock after acquiring an additional 80 shares during the quarter. Cerity Partners LLC's holdings in Nordson were worth $224,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Inspire Investing LLC lifted its stake in shares of Nordson by 8.0% in the second quarter. Inspire Investing LLC now owns 8,708 shares of the industrial products company's stock worth $1,763,000 after acquiring an additional 643 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Nordson by 40.8% in the second quarter. WINTON GROUP Ltd now owns 7,496 shares of the industrial products company's stock worth $1,517,000 after acquiring an additional 2,173 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Nordson by 7.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 220,117 shares of the industrial products company's stock worth $44,560,000 after acquiring an additional 14,959 shares in the last quarter. Lazard Asset Management LLC raised its stake in Nordson by 10.4% during the second quarter. Lazard Asset Management LLC now owns 99,808 shares of the industrial products company's stock valued at $20,204,000 after buying an additional 9,423 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in Nordson by 11.2% during the second quarter. Shell Asset Management Co. now owns 3,742 shares of the industrial products company's stock valued at $758,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company's stock.
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In related news, EVP James E. Devries sold 4,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $218.42, for a total value of $982,890.00. Following the completion of the transaction, the executive vice president now directly owns 46,605 shares of the company's stock, valued at approximately $10,179,464.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Srinivas Subramanian sold 1,480 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $217.48, for a total value of $321,870.40. Following the completion of the transaction, the executive vice president now directly owns 1,118 shares of the company's stock, valued at approximately $243,142.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James E. Devries sold 4,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $218.42, for a total value of $982,890.00. Following the completion of the transaction, the executive vice president now directly owns 46,605 shares of the company's stock, valued at $10,179,464.10. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.
Wall Street Analyst Weigh In
NDSN has been the topic of several research reports. Robert W. Baird upped their price objective on Nordson from $232.00 to $271.00 and gave the company an "outperform" rating in a research note on Wednesday, August 24th. Wells Fargo & Company cut their price objective on Nordson from $310.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, October 24th. StockNews.com upgraded Nordson from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, DA Davidson cut their price objective on Nordson to $265.00 in a research note on Thursday, October 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $261.20.Nordson Stock Up 1.1 %
NASDAQ:NDSN opened at $233.59 on Wednesday. The firm has a market capitalization of $13.36 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. The stock has a 50 day moving average of $221.35 and a 200-day moving average of $219.35. Nordson Co. has a 52 week low of $194.89 and a 52 week high of $271.90. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 0.19.
Nordson (NASDAQ:NDSN – Get Rating) last posted its earnings results on Monday, August 22nd. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.45 by $0.04. The company had revenue of $662.13 million during the quarter, compared to analyst estimates of $650.90 million. Nordson had a return on equity of 23.66% and a net margin of 19.25%. The business's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.42 earnings per share. Analysts predict that Nordson Co. will post 9.32 EPS for the current year.
Nordson Company Profile
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Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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