Nordson Co. (NASDAQ:NDSN) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC raised its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302,928 shares of the industrial products company’s stock after acquiring an additional 987 shares during the quarter. GW&K Investment Management LLC owned approximately 0.53% of Nordson worth $63,385,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Nordson by 130.0% in the third 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 in the last quarter. UMB Bank n.a. boosted its holdings in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares during the last quarter. Covestor Ltd grew its position in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the last quarter. Finally, Quarry LP acquired a new stake in Nordson during the 3rd quarter worth $109,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 0.7 %

NDSN opened at $209.50 on Friday. The business has a 50 day moving average price of $213.42 and a two-hundred day moving average price of $238.22. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a market cap of $11.96 billion, a PE ratio of 26.65, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. As a group, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is 39.69%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NDSN shares. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research note on Monday. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and increased their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.25.

Insider Transactions at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% 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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.