GW&K Investment Management LLC Buys 58,232 Shares of Nordson Co. (NASDAQ:NDSN)

GW&K Investment Management LLC lifted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 32.7% in the third quarter, HoldingsChannel reports. The fund owned 236,313 shares of the industrial products company’s stock after acquiring an additional 58,232 shares during the period. GW&K Investment Management LLC’s holdings in Nordson were worth $34,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NDSN. Venturi Wealth Management LLC bought a new position in shares of Nordson during the 3rd quarter valued at approximately $27,000. Cullen Frost Bankers Inc. bought a new position in Nordson in the 2nd quarter worth approximately $44,000. Quest Capital Management Inc. ADV bought a new position in Nordson in the 3rd quarter worth approximately $48,000. Pearl River Capital LLC bought a new position in Nordson in the 2nd quarter worth approximately $78,000. Finally, Navellier & Associates Inc bought a new position in Nordson in the 2nd quarter worth approximately $203,000. Institutional investors own 68.80% of the company’s stock.

NDSN has been the subject of several recent analyst reports. Wells Fargo & Co upped their price target on Nordson from $135.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. ValuEngine downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson dropped their price target on Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. BidaskClub upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Longbow Research set a $160.00 price target on Nordson and gave the stock a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Nordson currently has an average rating of “Hold” and a consensus target price of $146.33.

Shares of NASDAQ NDSN traded down $1.13 during midday trading on Friday, reaching $163.19. 220,500 shares of the stock traded hands, compared to its average volume of 193,407. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.21 and a quick ratio of 1.57. The company’s 50 day moving average is $148.56 and its 200 day moving average is $140.16. Nordson Co. has a one year low of $110.16 and a one year high of $165.10. The stock has a market capitalization of $9.45 billion, a PE ratio of 27.47, a P/E/G ratio of 1.53 and a beta of 1.22.

Nordson (NASDAQ:NDSN) last released its earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). Nordson had a return on equity of 21.96% and a net margin of 14.74%. The business had revenue of $559.75 million during the quarter, compared to analysts’ expectations of $587.74 million. During the same quarter in the previous year, the business earned $1.60 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that Nordson Co. will post 5.93 EPS for the current year.

In other news, insider Michael F. Hilton sold 8,538 shares of the firm’s stock in a transaction on 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 owns 210,917 shares in the company, valued at $30,964,724.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael F. Hilton sold 12,100 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $146.22, for a total value of $1,769,262.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,679 shares of company stock worth $8,066,347. Insiders own 1.97% of the company’s stock.

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. 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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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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