Nordson Co. (NASDAQ:NDSN) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,874 shares of the industrial products company’s stock after purchasing an additional 2,090 shares during the period. Victory Capital Management Inc. owned 0.06% of Nordson worth $9,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Nordson by 5,590.7% during the first quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock worth $1,343,000 after purchasing an additional 4,808 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Nordson by 61.6% during the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after acquiring an additional 11,875 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Nordson by 422.3% during the first quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock worth $3,947,000 after acquiring an additional 11,625 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Nordson by 300.8% during the second quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company’s stock worth $702,000 after acquiring an additional 2,271 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Nordson by 82.9% during the first quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 2,159 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Nordson Stock Performance

Shares of NDSN opened at $257.12 on Friday. The firm has a 50-day moving average price of $255.08 and a 200 day moving average price of $246.72. The firm has a market capitalization of $14.70 billion, a PE ratio of 31.32, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 52-week low of $222.18 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $656.49 million. During the same quarter last year, the firm posted $2.35 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Nordson

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

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.