Empirical Finance LLC Purchases 69 Shares of Nordson Co. (NASDAQ:NDSN)

Empirical Finance LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,199 shares of the industrial products company’s stock after acquiring an additional 69 shares during the quarter. Empirical Finance LLC’s holdings in Nordson were worth $315,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Nordson by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,122,129 shares of the industrial products company’s stock worth $1,680,769,000 after purchasing an additional 52,443 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake 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 during the period. Lazard Asset Management LLC lifted its stake in Nordson by 10.4% during the first quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock worth $258,764,000 after purchasing an additional 88,966 shares during the period. American Century Companies Inc. boosted its holdings in Nordson by 2.7% during the second quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock valued at $139,624,000 after purchasing an additional 15,947 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Nordson by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock valued at $113,689,000 after purchasing an additional 11,809 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ:NDSN opened at $254.78 on Monday. The stock has a market capitalization of $14.57 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The firm has a 50 day moving average of $254.67 and a 200-day moving average of $246.78. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Nordson (NASDAQ:NDSN) last announced its 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 analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.35 earnings per share. As a group, sell-side analysts anticipate that Nordson Co. will post 9.55 EPS for the current fiscal year.

Insider Transactions at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This 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 the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, 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. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Robert W. Baird upped their price target on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

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.