Nordson Co. (NASDAQ:NDSN) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 22.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,300 shares of the industrial products company’s stock after selling 661 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Nordson were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Nordson in the 1st quarter valued at $55,000. QRG Capital Management Inc. lifted its position in Nordson by 8.8% during the first quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock worth $349,000 after buying an additional 103 shares during the period. Bleakley Financial Group LLC acquired a new stake in Nordson in the 1st quarter worth about $213,000. State Board of Administration of Florida Retirement System boosted its stake in Nordson by 1.6% in 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 buying 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 other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the firm’s 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 owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of Nordson stock opened at $254.78 on Friday. The stock has a market capitalization of $14.57 billion, a P/E ratio of 31.03, a PEG 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. The business’s fifty day moving average price is $254.67 and its 200 day moving average price is $246.96. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the previous year, the business earned $2.35 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

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.