Pillar Pacific Capital Management LLC reduced its position in Nordson Co. (NASDAQ:NDSN) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,085 shares of the industrial products company’s stock after selling 115 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Nordson were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NDSN. BlackRock Inc. boosted its position in Nordson by 5.5% in the 2nd quarter. BlackRock Inc. now owns 4,990,403 shares of the industrial products company’s stock valued at $705,194,000 after buying an additional 262,385 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Nordson in the second quarter worth approximately $31,659,000. Athena Capital Advisors LLC acquired a new position in Nordson in the second quarter worth approximately $8,682,000. FMR LLC grew its position in Nordson by 7,456.8% in the first quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock worth $6,369,000 after buying an additional 47,425 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Nordson by 11.8% in the second quarter. Brown Advisory Inc. now owns 435,950 shares of the industrial products company’s stock worth $61,604,000 after buying an additional 46,021 shares during the last quarter. 68.80% of the stock is currently owned by hedge funds and other institutional investors.

NDSN has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. DA Davidson dropped their target price on shares of Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Co lifted their target price on shares of Nordson from $135.00 to $150.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Longbow Research set a $160.00 price objective on shares of Nordson and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Nordson currently has an average rating of “Hold” and an average price target of $146.33.

Shares of NDSN stock traded down $1.43 during trading hours on Friday, hitting $162.89. 8,056 shares of the company were exchanged, compared to its average volume of 183,846. The business has a 50 day moving average of $148.21 and a two-hundred day moving average of $140.08. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76. Nordson Co. has a 52 week low of $110.16 and a 52 week high of $165.10. The company has a market capitalization of $9.45 billion, a PE ratio of 27.42, a PEG ratio of 1.53 and a beta of 1.22.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.18). The business had revenue of $559.75 million for the quarter, compared to the consensus estimate of $587.74 million. Nordson had a net margin of 14.74% and a return on equity of 21.96%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. On average, research analysts forecast that Nordson Co. will post 5.93 EPS for the current year.

In other Nordson news, EVP Gregory P. Merk sold 14,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $144.17, for a total transaction of $2,018,380.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur L. George, Jr. sold 4,536 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $145.55, for a total value of $660,214.80. The disclosure for this sale can be found here. Insiders have sold a total of 55,679 shares of company stock valued at $8,066,347 over the last 90 days. 1.97% of the stock is currently owned by company insiders.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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