Geode Capital Management LLC Buys 14,780 Shares of Nordson Co. (NASDAQ:NDSN)

Geode Capital Management LLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,443,366 shares of the industrial products company’s stock after acquiring an additional 14,780 shares during the period. Geode Capital Management LLC owned approximately 2.52% of Nordson worth $377,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NDSN. Massachusetts Financial Services Co. MA grew its holdings in Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after purchasing an additional 193,421 shares during the last quarter. State Street Corp grew its stake in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after buying an additional 103,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after buying an additional 68,810 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after acquiring an additional 65,436 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Nordson currently has a consensus rating of “Hold” and an average target price of $279.00.

Insider Buying and Selling

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,629 shares of company stock valued at $914,400 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock opened at $226.46 on Friday. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $253.99 and a two-hundred day simple moving average of $245.73. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. During the same period in the prior year, the business earned $2.46 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Nordson Co. will post 10.35 EPS for the current fiscal year.

Nordson Profile

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 three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.