WCM Investment Management LLC Grows Holdings in Nordson Co. (NASDAQ:NDSN)

WCM Investment Management LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,818 shares of the industrial products company’s stock after purchasing an additional 1,560 shares during the period. WCM Investment Management LLC’s holdings in Nordson were worth $1,784,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its position in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares during the period. Swedbank AB purchased a new stake in shares of Nordson during the first quarter worth approximately $48,044,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares during the period. International Assets Investment Management LLC grew its position in Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after buying an additional 103,653 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Nordson by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after buying an additional 88,966 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their target price on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a 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. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average price target of $299.00.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $261.21 on Tuesday. 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 one year low of $222.18 and a one year high of $279.38. The firm has a market capitalization of $14.94 billion, a P/E ratio of 31.82, a PEG ratio of 1.94 and a beta of 0.90. The company’s fifty day moving average is $253.94 and its two-hundred day moving average is $246.88.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. 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 previous year, the firm earned $2.35 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.19%. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s payout ratio is presently 38.00%.

Insider Transactions at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.