Champlain Investment Partners LLC Buys 24,220 Shares of Nordson Co. (NASDAQ:NDSN)
Champlain Investment Partners LLC lifted its stake in Nordson Co. (NASDAQ:NDSN) by 1.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,327,985 shares of the industrial products company’s stock after purchasing an additional 24,220 shares during the quarter. Nordson comprises 1.5% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 11th largest position. Champlain Investment Partners LLC’s holdings in Nordson were worth $175,985,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in shares of Nordson in the 4th quarter worth $30,000. CX Institutional bought a new position in shares of Nordson in the 1st quarter worth $30,000. Cordasco Financial Network bought a new position in shares of Nordson in the 1st quarter worth $30,000. Penserra Capital Management LLC bought a new position in shares of Nordson in the 4th quarter worth $36,000. Finally, Zions Bancorporation N.A. acquired a new position in Nordson during the 1st quarter valued at about $43,000. 69.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NDSN opened at $133.54 on Wednesday. Nordson Co. has a 1 year low of $110.16 and a 1 year high of $149.23. The stock has a market cap of $7.67 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. The company has a current ratio of 2.16, a quick ratio of 1.53 and a debt-to-equity ratio of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, May 24th. Nordson’s dividend payout ratio is currently 23.57%.
Several research analysts recently issued reports on NDSN shares. BidaskClub raised Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. ValuEngine lowered Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Oppenheimer upped their target price on Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating and set a $139.00 target price on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $137.80.
In other news, Director Mary G. Puma sold 998 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shelly Peet sold 11,600 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the transaction, the insider now directly owns 29,296 shares in the company, valued at $3,901,055.36. The disclosure for this sale can be found here. Insiders have sold a total of 32,658 shares of company stock worth $4,350,613 over the last ninety days. 1.97% of the stock is currently owned by corporate insiders.
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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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