Nordson Co. (NASDAQ:NDSN) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC boosted its holdings in Nordson Co. (NASDAQ:NDSN) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,729 shares of the industrial products company’s stock after purchasing an additional 118 shares during the quarter. Claro Advisors LLC’s holdings in Nordson were worth $717,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NDSN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nordson in the 2nd quarter valued at $27,000. Tortoise Investment Management LLC boosted its stake in Nordson by 70.7% in the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing 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 worth about $46,000. Finally, UMB Bank n.a. lifted its holdings in shares of Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 191 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’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 owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Nordson Trading Down 0.7 %

NASDAQ:NDSN opened at $254.78 on Monday. The stock’s 50 day moving average price is $254.67 and its 200 day moving average price is $246.78. The company has a market capitalization of $14.57 billion, a PE ratio of 31.03, a P/E/G ratio of 1.89 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 52-week low of $222.18 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN) last released its quarterly 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 firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter last year, the business posted $2.35 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that Nordson Co. will post 9.55 EPS for the current year.

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.