Daiwa Securities Group Inc. Has $2.43 Million Stake in Nordson Co. (NASDAQ:NDSN)

Daiwa Securities Group Inc. raised its stake in shares of Nordson Co. (NASDAQ:NDSN) by 22.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,254 shares of the industrial products company’s stock after purchasing an additional 1,672 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nordson were worth $2,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in Nordson by 16.0% during the third quarter. Cerity Partners LLC now owns 14,499 shares of the industrial products company’s stock valued at $3,808,000 after purchasing an additional 1,998 shares during the period. Studio Investment Management LLC grew its holdings in shares of Nordson by 4.8% in the 3rd quarter. Studio Investment Management LLC now owns 1,427 shares of the industrial products company’s stock valued at $375,000 after buying an additional 66 shares during the period. CFS Investment Advisory Services LLC increased its position in shares of Nordson by 4.9% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,327 shares of the industrial products company’s stock valued at $349,000 after buying an additional 62 shares in the last quarter. Citigroup Inc. raised its stake in Nordson by 2.0% during the 3rd quarter. Citigroup Inc. now owns 63,254 shares of the industrial products company’s stock worth $16,612,000 after buying an additional 1,264 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in Nordson by 10.3% during the third quarter. Raymond James Trust N.A. now owns 2,754 shares of the industrial products company’s stock worth $723,000 after acquiring an additional 257 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Nordson Stock Up 0.2 %

NASDAQ:NDSN opened at $259.36 on Thursday. The stock has a 50-day simple moving average of $255.55 and a 200 day simple moving average of $246.06. Nordson Co. has a 52-week low of $222.18 and a 52-week high of $279.38. The company has a market cap of $14.83 billion, a PE ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36.

Insider Activity at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’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 transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 8,659 shares in the company, valued at $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. Over the last 90 days, insiders sold 3,312 shares of company stock valued at $831,742. Corporate insiders own 0.86% of the company’s stock.

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.