Nordson Co. (NASDAQ:NDSN) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,556 shares of the industrial products company’s stock after buying an additional 385 shares during the quarter. Advisors Asset Management Inc.’s holdings in Nordson were worth $671,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nordson during the second quarter worth $27,000. Tortoise Investment Management LLC lifted its holdings in Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after buying an additional 58 shares in the last quarter. Blue Trust Inc. boosted its position in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Nordson during the second quarter valued at about $46,000. Finally, UMB Bank n.a. increased its position in shares of Nordson by 2,387.5% during the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 191 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of Nordson stock opened at $258.73 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The firm’s 50-day simple moving average is $255.48 and its 200-day simple moving average is $246.20. The firm has a market cap of $14.79 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This represents a 25.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,312 shares of company stock worth $831,742 over the last quarter. 0.86% of the stock is owned by corporate insiders.

Nordson 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.