Nordson Co. (NASDAQ:NDSN) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 836,400 shares of the industrial products company’s stock after selling 17,255 shares during the quarter. Nordson makes up approximately 1.3% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 24th largest position. Champlain Investment Partners LLC owned about 1.46% of Nordson worth $219,664,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Nordson by 5,590.7% in the first quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock worth $1,343,000 after buying an additional 4,808 shares in the last quarter. Natixis purchased a new position in Nordson in the 1st quarter worth approximately $140,000. Axxcess Wealth Management LLC boosted its holdings in shares of Nordson by 2.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,714 shares of the industrial products company’s stock worth $745,000 after purchasing an additional 76 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Nordson by 3.6% in the first quarter. Toronto Dominion Bank now owns 30,616 shares of the industrial products company’s stock valued at $8,405,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Nordson by 1.7% during the first quarter. Epoch Investment Partners Inc. now owns 113,597 shares of the industrial products company’s stock worth $31,187,000 after buying an additional 1,889 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Up 1.8 %

NDSN opened at $261.27 on Friday. The stock has a market capitalization of $14.94 billion, a PE ratio of 31.82, a P/E/G ratio of 1.91 and a beta of 0.90. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The business’s 50 day moving average price is $255.27 and its 200 day moving average price is $246.65.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 EPS. As a group, equities research analysts expect that Nordson Co. will post 9.55 EPS for the current year.

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was a 25.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Nordson Company 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.