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

Champlain Investment Partners LLC trimmed its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 836,400 shares of the industrial products company’s stock after selling 17,255 shares during the period. Nordson makes up 1.3% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 24th biggest position. Champlain Investment Partners LLC’s holdings in Nordson were worth $219,664,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after acquiring an additional 68,810 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Nordson by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock worth $139,624,000 after purchasing an additional 15,947 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nordson by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock worth $113,689,000 after purchasing an additional 11,809 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Nordson by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after buying an additional 47,865 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Nordson by 5.7% in the third quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock valued at $86,727,000 after buying an additional 17,732 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Transactions at Nordson

In other Nordson news, 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 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 represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of Nordson 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 transaction, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 25.73 % 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 Stock Performance

NASDAQ NDSN opened at $261.27 on Friday. The company has a fifty day moving average of $255.27 and a two-hundred day moving average of $246.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The company 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 (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.33 by $0.08. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 earnings per share. As a group, analysts expect that Nordson Co. will post 9.55 earnings per share for the current year.

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 report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $299.00.

About Nordson

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.