GW&K Investment Management LLC increased its position in Nordson Co. (NASDAQ:NDSN) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,553 shares of the industrial products company’s stock after purchasing an additional 768 shares during the quarter. GW&K Investment Management LLC owned approximately 0.29% of Nordson worth $24,237,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. D.A. Davidson & CO. lifted its position in Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares during the period. People s United Financial Inc. lifted its position in Nordson by 1.0% in the second quarter. People s United Financial Inc. now owns 10,932 shares of the industrial products company’s stock worth $1,326,000 after purchasing an additional 107 shares during the period. PNC Financial Services Group Inc. lifted its position in Nordson by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 146 shares during the period. GSA Capital Partners LLP lifted its position in Nordson by 12.2% in the second quarter. GSA Capital Partners LLP now owns 2,346 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 255 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in Nordson by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 17,840 shares of the industrial products company’s stock worth $2,164,000 after purchasing an additional 264 shares during the period. 65.67% of the stock is owned by hedge funds and other institutional investors.
Nordson Co. (NDSN) opened at $151.14 on Friday. The stock has a market capitalization of $8,840.00, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Nordson Co. has a twelve month low of $107.16 and a twelve month high of $151.84. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. equities research analysts anticipate that Nordson Co. will post 6.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Nordson’s payout ratio is presently 23.86%.
In related news, VP James E. Devries sold 5,800 shares of Nordson stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the transaction, the vice president now directly owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelly Peet sold 15,000 shares of Nordson stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $148.90, for a total value of $2,233,500.00. Following the completion of the transaction, the vice president now directly owns 29,170 shares of the company’s stock, valued at $4,343,413. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock valued at $12,623,580 over the last ninety days. 2.15% of the stock is currently owned by company insiders.
Several research analysts recently commented on NDSN shares. Zacks Investment Research raised Nordson from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and set a $145.00 price objective on shares of Nordson in a report on Sunday, November 19th. SunTrust Banks reissued a “buy” rating and set a $135.00 price objective on shares of Nordson in a report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $138.00 price objective on shares of Nordson in a report on Wednesday, October 4th. Finally, B. Riley reissued a “buy” rating and set a $160.00 price objective on shares of Nordson in a report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $147.40.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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