Quantinno Capital Management LP Buys 3,645 Shares of Nordson Co. (NASDAQ:NDSN)

Quantinno Capital Management LP lifted its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 103.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,154 shares of the industrial products company's stock after acquiring an additional 3,645 shares during the quarter. Quantinno Capital Management LP's holdings in Nordson were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NDSN. Assenagon Asset Management S.A. lifted its stake in Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company's stock valued at $7,224,000 after acquiring an additional 11,875 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Nordson by 105.6% in the 2nd quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company's stock valued at $2,708,000 after purchasing an additional 5,997 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Holocene Advisors LP raised its holdings in Nordson by 113.8% during the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock valued at $7,661,000 after buying an additional 15,524 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Nordson by 15.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,861 shares of the industrial products company's stock worth $3,911,000 after buying an additional 2,194 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,629 shares of company stock worth $914,400 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Nordson Stock Performance

NDSN stock traded down $20.44 during mid-day trading on Thursday, reaching $229.11. 1,049,099 shares of the stock traded hands, compared to its average volume of 237,895. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $254.50 and a two-hundred day moving average of $245.81. The firm has a market capitalization of $13.10 billion, a PE ratio of 27.91, a P/E/G ratio of 1.89 and a beta of 0.90. Nordson Co. has a 52 week low of $222.18 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same quarter last year, the firm posted $2.46 EPS. The company's revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Nordson Co. will post 9.55 EPS for the current fiscal year.

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.