Nordson Co. (NASDAQ:NDSN) Holdings Lowered by Davis R M Inc.

Davis R M Inc. lowered its stake in Nordson Co. (NASDAQ:NDSN) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,576 shares of the industrial products company’s stock after selling 3,914 shares during the quarter. Davis R M Inc. owned approximately 0.09% of Nordson worth $13,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nordson during the second quarter valued at approximately $27,000. Tortoise Investment Management LLC raised its stake in Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. lifted its holdings in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Nordson in the second quarter worth $46,000. Finally, UMB Bank n.a. grew its holdings 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 valued at $46,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 1.8 %

NASDAQ NDSN opened at $261.27 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The firm’s fifty day simple moving average is $255.27 and its 200-day simple moving average is $246.30. The company has a market capitalization of $14.94 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Insiders Place Their Bets

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’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 completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.