Natixis Advisors LLC Buys 65,436 Shares of Nordson Co. (NASDAQ:NDSN)

Natixis Advisors LLC increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 71.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,582 shares of the industrial products company’s stock after buying an additional 65,436 shares during the period. Natixis Advisors LLC’s holdings in Nordson were worth $41,386,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NDSN. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nordson during the 2nd quarter worth about $27,000. Tortoise Investment Management LLC raised its stake in Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares in the last quarter. Blue Trust Inc. raised its stake in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Nordson in the 2nd quarter worth about $46,000. Finally, UMB Bank n.a. raised its stake in Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Insider Activity

In related news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This represents a 25.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $254.78 on Monday. The firm has a 50 day moving average of $254.67 and a 200-day moving average of $246.78. The stock has a market capitalization of $14.57 billion, a PE ratio of 31.03, a PEG ratio of 1.89 and a beta of 0.90. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38.

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

Wall Street Analysts Forecast Growth

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