Charles Schwab Investment Management Inc. Has $118.80 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Charles Schwab Investment Management Inc. cut its position in Nordson Co. (NASDAQ:NDSN) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,355 shares of the industrial products company’s stock after selling 31,997 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of Nordson worth $118,802,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Nordson by 237.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after acquiring an additional 174,330 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Nordson in the first quarter valued at about $400,000. California State Teachers Retirement System raised its holdings in Nordson by 4.3% in the 1st quarter. California State Teachers Retirement System now owns 85,652 shares of the industrial products company’s stock valued at $23,515,000 after buying an additional 3,510 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Nordson by 3.4% during the first quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 182 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in Nordson by 60.1% during the 1st quarter. iA Global Asset Management Inc. now owns 2,076 shares of the industrial products company’s stock worth $570,000 after buying an additional 779 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of Nordson stock opened at $263.62 on Tuesday. The business has a 50-day simple moving average of $255.48 and a 200 day simple moving average of $246.20. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson Co. has a one year low of $222.18 and a one year high of $279.38.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of Nordson 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 transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by 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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.