Copeland Capital Management LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,178 shares of the industrial products company’s stock after purchasing an additional 432 shares during the period. Copeland Capital Management LLC owned about 0.12% of Nordson worth $10,118,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Eagle Asset Management Inc. lifted its holdings in Nordson by 1.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 17,296 shares of the industrial products company’s stock valued at $2,444,000 after purchasing an additional 184 shares during the last quarter. Navellier & Associates Inc bought a new position in Nordson during the 2nd quarter valued at about $203,000. California Public Employees Retirement System raised its stake in shares of Nordson by 29.5% in the third quarter. California Public Employees Retirement System now owns 121,165 shares of the industrial products company’s stock worth $17,722,000 after acquiring an additional 27,592 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Nordson by 18.6% in the second quarter. Aptus Capital Advisors LLC now owns 4,648 shares of the industrial products company’s stock worth $656,000 after acquiring an additional 728 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Nordson by 228.8% in the second quarter. Commonwealth Equity Services LLC now owns 7,240 shares of the industrial products company’s stock worth $1,023,000 after acquiring an additional 5,038 shares during the last quarter. 68.80% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Michael F. Hilton sold 5,000 shares of Nordson stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $138.85, for a total transaction of $694,250.00. Following the completion of the sale, the chief executive officer now owns 219,455 shares in the company, valued at approximately $30,471,326.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur L. George, Jr. sold 4,536 shares of Nordson stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $145.55, for a total transaction of $660,214.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,679 shares of company stock valued at $8,066,347. 1.97% of the stock is owned by corporate insiders.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $587.74 million. During the same quarter in the prior year, the firm earned $1.60 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Nordson Co. will post 5.93 earnings per share for the current year.
NDSN has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their target price on shares of 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 shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Longbow Research set a $160.00 target price on shares of Nordson and gave the stock a “buy” rating in a research note on Friday, August 23rd. DA Davidson dropped their target price on shares of Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Finally, BidaskClub raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $146.33.
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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