Aperio Group LLC Boosts Holdings in Nordson Co. (NDSN)

Aperio Group LLC boosted its stake in Nordson Co. (NASDAQ:NDSN) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 19,519 shares of the industrial products company’s stock after buying an additional 652 shares during the period. Aperio Group LLC’s holdings in Nordson were worth $2,711,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. King Luther Capital Management Corp acquired a new stake in Nordson in the second quarter worth $690,000. American International Group Inc. grew its holdings in Nordson by 1.0% in the second quarter. American International Group Inc. now owns 103,315 shares of the industrial products company’s stock worth $13,267,000 after purchasing an additional 1,009 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Nordson by 45.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,042 shares of the industrial products company’s stock worth $36,218,000 after purchasing an additional 88,485 shares during the period. PNC Financial Services Group Inc. grew its holdings in Nordson by 18.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,580 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 398 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Nordson by 24.2% in the second quarter. State of Alaska Department of Revenue now owns 6,570 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 1,280 shares during the period. Institutional investors and hedge funds own 67.70% of the company’s stock.

Nordson stock opened at $126.36 on Wednesday. Nordson Co. has a 1-year low of $111.17 and a 1-year high of $151.84. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.36 and a current ratio of 3.16.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, August 20th. The industrial products company reported $1.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.60. Nordson had a net margin of 16.40% and a return on equity of 26.37%. The firm had revenue of $581.20 million for the quarter, compared to analyst estimates of $590.75 million. During the same period last year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that Nordson Co. will post 5.98 EPS for the current year.

Nordson declared that its board has authorized a share repurchase plan on Tuesday, September 11th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other Nordson news, Director Mary G. Puma sold 2,983 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $145.44, for a total value of $433,847.52. Following the transaction, the director now directly owns 18,799 shares of the company’s stock, valued at $2,734,126.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.01% of the stock is currently owned by company insiders.

A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Nordson from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. DA Davidson set a $160.00 price objective on shares of Nordson and gave the company a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research lowered shares of Nordson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $156.57.

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Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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