Natixis Advisors LLC Has $41.39 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Natixis Advisors LLC raised its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 71.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,582 shares of the industrial products company's stock after buying an additional 65,436 shares during the period. Natixis Advisors LLC owned about 0.28% of Nordson worth $41,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NDSN. Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company's stock worth $60,377,000 after purchasing an additional 193,421 shares in the last quarter. Swedbank AB acquired a new stake in shares of Nordson during the first quarter worth about $48,044,000. Price T Rowe Associates Inc. MD increased its position 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 in the last quarter. International Assets Investment Management LLC increased its position in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after purchasing an additional 103,653 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Price Performance

Shares of Nordson stock traded down $1.33 during trading on Monday, hitting $253.45. 221,006 shares of the company were exchanged, compared to its average volume of 233,121. 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. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.89 and a beta of 0.90. The firm has a 50 day moving average price of $254.67 and a 200 day moving average price of $246.78.

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

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price target on Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $299.00.

Insider Activity

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 3,287 shares of the company's stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the executive vice president now directly owns 8,659 shares of the company's stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % 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.

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.