Nordson Co. (NASDAQ:NDSN) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,181 shares of the industrial products company’s stock after acquiring an additional 257 shares during the quarter. Tidal Investments LLC’s holdings in Nordson were worth $3,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NDSN. Procyon Advisors LLC raised its position in Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Nordson by 1.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after buying an additional 42 shares during the period. Covestor Ltd grew its holdings in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after buying an additional 43 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Nordson by 0.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock valued at $1,792,000 after acquiring an additional 49 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NDSN shares. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday. DA Davidson lowered their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Nordson has a consensus rating of “Hold” and a consensus target price of $279.00.

Insider Activity

In related news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,629 shares of company stock worth $914,400. Company insiders own 0.86% of the company’s stock.

Nordson Stock Down 1.2 %

NDSN opened at $226.46 on Friday. 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 12 month low of $222.18 and a 12 month high of $279.38. The stock has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90. The business has a 50 day simple moving average of $253.99 and a 200-day simple moving average of $245.82.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 EPS. On average, equities analysts anticipate that Nordson Co. will post 10.35 earnings per share for the current fiscal year.

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.