Mizuho Markets Americas LLC Grows Position in Nordson Co. (NASDAQ:NDSN)

Mizuho Markets Americas LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,899 shares of the industrial products company’s stock after acquiring an additional 192 shares during the period. Mizuho Markets Americas LLC’s holdings in Nordson were worth $6,277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Nordson during the 1st quarter valued at approximately $55,000. QRG Capital Management Inc. lifted its stake in shares of Nordson by 8.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 103 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Nordson during the 1st quarter worth $213,000. State Board of Administration of Florida Retirement System increased its position in shares of Nordson by 1.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 62,811 shares of the industrial products company’s stock worth $17,244,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in Nordson in the 1st quarter valued at about $482,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Transactions at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value 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 represents a 25.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’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 sale, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nordson Stock Performance

Shares of NDSN opened at $254.78 on Friday. The company’s 50 day simple moving average is $254.67 and its 200-day simple moving average is $246.96. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The firm has a market cap of $14.57 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. 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 issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. During the same period last year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Nordson Co. will post 9.55 EPS for the current 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.