King Luther Capital Management Corp Has $311,000 Position in Nordson Co. (NASDAQ:NDSN)

King Luther Capital Management Corp cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185 shares of the industrial products company’s stock after selling 90 shares during the period. King Luther Capital Management Corp’s holdings in Nordson were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Nordson during the second quarter worth approximately $27,000. Tortoise Investment Management LLC lifted its holdings in Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Blue Trust Inc. lifted its holdings in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Nordson in the second quarter valued at $46,000. Finally, UMB Bank n.a. raised its position in shares of Nordson by 2,387.5% in the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 191 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Stock Up 1.8 %

NDSN stock opened at $261.27 on Friday. The business’s fifty day moving average price is $255.27 and its two-hundred day moving average price is $246.47. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.91 and a beta of 0.90. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the previous year, the company earned $2.35 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current year.

Insider Activity

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $299.00.

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.