Nordson Corporation $NDSN Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 477,245 shares of the industrial products company’s stock after purchasing an additional 6,248 shares during the period. Charles Schwab Investment Management Inc. owned 0.84% of Nordson worth $102,307,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Nordson during the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new position in Nordson in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 106 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Nordson by 96.3% during the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NDSN shares. Robert W. Baird raised their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. DA Davidson set a $285.00 price objective on shares of Nordson in a research note on Tuesday, October 21st. Jefferies Financial Group reissued a “hold” rating and issued a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $255.75.

Nordson Price Performance

Shares of NDSN stock opened at $237.67 on Friday. The firm has a fifty day simple moving average of $231.97 and a 200-day simple moving average of $221.54. The company has a market capitalization of $13.35 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $261.39. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The firm had revenue of $646.86 million for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Equities research analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Insider Transactions at Nordson

In related news, EVP James E. Devries sold 9,100 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $233.60, for a total value of $2,125,760.00. Following the completion of the transaction, the executive vice president owned 51,223 shares of the company’s stock, valued at approximately $11,965,692.80. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the sale, the executive vice president owned 8,605 shares in the company, valued at $1,999,715.95. This represents a 21.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,600 shares of company stock valued at $3,188,257 in the last three months. 0.80% of the stock is currently owned by company insiders.

Nordson 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.