Geode Capital Management LLC Has $377.92 Million Position in Nordson Co. (NASDAQ:NDSN)

Geode Capital Management LLC raised its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,443,366 shares of the industrial products company's stock after acquiring an additional 14,780 shares during the quarter. Geode Capital Management LLC owned about 2.52% of Nordson worth $377,919,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NDSN. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nordson by 20.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,250 shares of the industrial products company's stock valued at $986,000 after purchasing an additional 714 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Nordson by 7.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,797 shares of the industrial products company's stock worth $1,577,000 after buying an additional 465 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Nordson by 61.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company's stock worth $7,224,000 after acquiring an additional 11,875 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Nordson by 7.0% during the 2nd quarter. Portside Wealth Group LLC now owns 978 shares of the industrial products company's stock valued at $227,000 after acquiring an additional 64 shares during the last quarter. Finally, Everpar Advisors LLC raised its stake in shares of Nordson by 2.1% in the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company's stock valued at $469,000 after acquiring an additional 42 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NDSN has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a "neutral" rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson dropped their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Nordson presently has a consensus rating of "Hold" and a consensus target price of $279.00.

Nordson Stock Performance

Shares of NDSN stock traded down $2.65 during trading hours on Friday, reaching $226.46. 720,284 shares of the company's stock were exchanged, compared to its average volume of 239,897. The business has a fifty day moving average price of $253.99 and a 200-day moving average price of $245.82. The stock has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the firm earned $2.46 EPS. The business's revenue was up 3.5% on a year-over-year basis. Analysts predict that Nordson Co. will post 10.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock valued at $914,400 over the last three months. 0.86% of the stock is owned by corporate insiders.

About Nordson

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.