Empirical Finance LLC Has $315,000 Stake in Nordson Co. (NASDAQ:NDSN)

Empirical Finance LLC grew its holdings in Nordson Co. (NASDAQ:NDSN) by 6.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,199 shares of the industrial products company’s stock after acquiring an additional 69 shares during the period. Empirical Finance LLC’s holdings in Nordson were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in Nordson during the 2nd quarter worth $27,000. Tortoise Investment Management LLC lifted its position in shares of Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after buying an additional 58 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Nordson during the 2nd quarter worth $46,000. Finally, UMB Bank n.a. grew its holdings in Nordson by 2,387.5% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 191 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price objective 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $299.00.

Insiders Place Their Bets

In related news, EVP Joseph P. Kelley sold 3,000 shares of the firm’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 completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Nordson Price Performance

NDSN opened at $254.78 on Monday. The firm has a 50-day moving average of $254.67 and a 200 day moving average of $246.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38. The firm has a market cap of $14.57 billion, a P/E ratio of 31.03, a PEG ratio of 1.89 and a beta of 0.90.

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

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.