Nordson Co. (NASDAQ:NDSN) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its position in Nordson Co. (NASDAQ:NDSN) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 139,175 shares of the industrial products company’s stock after selling 28,975 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Nordson were worth $36,764,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NDSN. Cambridge Investment Research Advisors Inc. raised its holdings in Nordson by 21.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,011 shares of the industrial products company’s stock valued at $4,689,000 after acquiring an additional 3,652 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Nordson by 78.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,821 shares of the industrial products company’s stock valued at $1,299,000 after buying an additional 2,567 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Nordson by 5.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,337 shares of the industrial products company’s stock worth $2,084,000 after acquiring an additional 504 shares during the period. Forsta AP Fonden acquired a new position in shares of Nordson during the 3rd quarter valued at about $2,589,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Nordson by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,715 shares of the industrial products company’s stock worth $5,516,000 after purchasing an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. DA Davidson raised their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Nordson Stock Up 2.5 %

Shares of NDSN stock traded up $6.84 during trading on Thursday, reaching $277.84. The company’s stock had a trading volume of 300,825 shares, compared to its average volume of 212,124. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. Nordson Co. has a 1-year low of $208.90 and a 1-year high of $278.06. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.00 and a beta of 1.00. The stock’s 50-day moving average price is $266.06 and its 200 day moving average price is $252.78.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 earnings per share. On average, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

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.