BRYN MAWR TRUST Co lowered its stake in Nordson Co. (NASDAQ:NDSN) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,698 shares of the industrial products company’s stock after selling 556 shares during the quarter. BRYN MAWR TRUST Co owned about 0.13% of Nordson worth $11,218,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in Nordson by 7,456.8% during the 1st 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 lifted its holdings in Nordson by 18.5% during the 2nd quarter. WINTON GROUP Ltd now owns 3,865 shares of the industrial products company’s stock worth $546,000 after buying an additional 604 shares during the last quarter. Capital Insight Partners LLC lifted its holdings in Nordson by 1.2% during the 2nd quarter. Capital Insight Partners LLC now owns 9,833 shares of the industrial products company’s stock worth $1,390,000 after buying an additional 115 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Nordson during the 2nd quarter worth approximately $594,000. Finally, Diversified Trust Co lifted its holdings in Nordson by 14.4% during the 2nd quarter. Diversified Trust Co now owns 3,464 shares of the industrial products company’s stock worth $489,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 68.81% of the company’s stock.
NDSN has been the topic of several recent research reports. BidaskClub raised Nordson from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. DA Davidson cut their price target on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. ValuEngine downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co lifted their target price on Nordson from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Longbow Research set a $160.00 target price on Nordson and gave the company a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $143.83.
Shares of Nordson stock opened at $156.81 on Friday. The stock has a market cap of $9.08 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. Nordson Co. has a 12 month low of $110.16 and a 12 month high of $158.48. The company has a quick ratio of 1.57, a current ratio of 2.21 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $145.92 and a 200-day simple moving average of $139.48.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). Nordson had a net margin of 14.74% and a return on equity of 21.96%. The firm had revenue of $559.75 million for the quarter, compared to analyst estimates of $587.74 million. During the same period in the previous year, the business posted $1.60 EPS. Nordson’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Nordson Co. will post 5.93 EPS for the current fiscal year.
In related news, insider Michael F. Hilton sold 8,538 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $146.81, for a total transaction of $1,253,463.78. Following the transaction, the insider now directly owns 210,917 shares in the company, valued at $30,964,724.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory P. Merk sold 14,000 shares of the business’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 disclosure for this sale can be found here. Insiders sold 55,679 shares of company stock worth $8,066,347 over the last quarter. 1.97% of the stock is currently owned by corporate insiders.
Nordson Company Profile
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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