Nordson Co. (NASDAQ:NDSN) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in Nordson Co. (NASDAQ:NDSN) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,234,900 shares of the industrial products company’s stock after buying an additional 11,014 shares during the quarter. Janus Henderson Group PLC owned about 2.15% of Nordson worth $174,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new position in Nordson in the first quarter valued at about $43,000. Icon Wealth Partners LLC acquired a new position in Nordson in the first quarter valued at about $56,000. Bremer Bank National Association acquired a new position in Nordson in the first quarter valued at about $78,000. First Manhattan Co. acquired a new position in Nordson in the first quarter valued at about $170,000. Finally, Navellier & Associates Inc acquired a new position in Nordson in the second quarter valued at about $203,000. 68.46% of the stock is currently owned by institutional investors.

Shares of NDSN traded down $3.84 during mid-day trading on Wednesday, hitting $135.04. 2,413 shares of the company’s stock were exchanged, compared to its average volume of 196,541. The company has a market capitalization of $7.82 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. Nordson Co. has a fifty-two week low of $110.16 and a fifty-two week high of $149.23. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16. The company has a 50-day moving average of $138.48.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.06). The business had revenue of $551.00 million for the quarter, compared to analyst estimates of $558.34 million. Nordson had a return on equity of 22.46% and a net margin of 14.64%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. As a group, research analysts predict that Nordson Co. will post 6.15 EPS for the current fiscal year.

In other news, insider Jeffrey A. Pembroke sold 3,200 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $140.19, for a total transaction of $448,608.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gregory A. Thaxton sold 2,411 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $138.14, for a total transaction of $333,055.54. The disclosure for this sale can be found here. Insiders have sold 14,106 shares of company stock worth $1,887,961 in the last three months. Corporate insiders own 1.97% of the company’s stock.

A number of research firms have commented on NDSN. BidaskClub raised shares of Nordson from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. ValuEngine cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Oppenheimer upped their target price on shares of Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research cut shares of Nordson from a “hold” rating to a “sell” rating and set a $148.00 target price on the stock. in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $139.60.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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