GW&K Investment Management LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,553 shares of the industrial products company’s stock after buying an additional 768 shares during the quarter. GW&K Investment Management LLC owned 0.29% of Nordson worth $24,237,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. purchased a new stake in shares of Nordson during the 2nd quarter worth $971,000. Teachers Advisors LLC increased its holdings in shares of Nordson by 2.8% in the second quarter. Teachers Advisors LLC now owns 81,333 shares of the industrial products company’s stock valued at $9,867,000 after purchasing an additional 2,237 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Nordson by 1.7% in the second quarter. Nationwide Fund Advisors now owns 90,892 shares of the industrial products company’s stock valued at $11,027,000 after purchasing an additional 1,541 shares during the period. BlackRock Inc. increased its holdings in shares of Nordson by 1.1% in the second quarter. BlackRock Inc. now owns 4,430,648 shares of the industrial products company’s stock valued at $537,525,000 after purchasing an additional 50,194 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 valued at $263,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 65.55% of the company’s stock.
In other news, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Keane sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $150.35, for a total value of $3,007,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,597 shares of company stock valued at $12,623,580 over the last three months. 2.01% of the stock is currently owned by insiders.
Nordson Co. (NDSN) traded up $0.45 during mid-day trading on Monday, reaching $136.91. The company’s stock had a trading volume of 272,818 shares, compared to its average volume of 266,356. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $7,888.74, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. Nordson Co. has a one year low of $107.16 and a one year high of $151.84.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. analysts predict that Nordson Co. will post 6.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 0.88%. Nordson’s payout ratio is 23.62%.
A number of research analysts have recently weighed in on NDSN shares. SunTrust Banks increased their price objective on Nordson to $166.00 and gave the company a “buy” rating in a report on Friday, December 15th. BidaskClub lowered Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered Nordson from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. KeyCorp reissued a “buy” rating and issued a $165.00 price objective (up from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. Finally, Barrington Research restated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Nordson currently has an average rating of “Hold” and a consensus target price 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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