Independent Advisor Alliance Acquires 233 Shares of Nordson Co. (NASDAQ:NDSN)

Independent Advisor Alliance raised its holdings in Nordson Co. (NASDAQ:NDSN) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,303 shares of the industrial products company’s stock after acquiring an additional 233 shares during the quarter. Independent Advisor Alliance’s holdings in Nordson were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Daiwa Securities Group Inc. boosted its stake in shares of Nordson by 22.1% during the third quarter. Daiwa Securities Group Inc. now owns 9,254 shares of the industrial products company’s stock valued at $2,430,000 after purchasing an additional 1,672 shares during the period. Cerity Partners LLC lifted its holdings in Nordson by 16.0% during the 3rd quarter. Cerity Partners LLC now owns 14,499 shares of the industrial products company’s stock valued at $3,808,000 after buying an additional 1,998 shares in the last quarter. Studio Investment Management LLC lifted its holdings in Nordson by 4.8% during 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 in the last quarter. CFS Investment Advisory Services LLC lifted its holdings in Nordson by 4.9% during 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. Finally, Citigroup Inc. lifted its holdings in Nordson by 2.0% during the 3rd quarter. Citigroup Inc. now owns 63,254 shares of the industrial products company’s stock valued at $16,612,000 after buying an additional 1,264 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 0.2 %

NASDAQ NDSN opened at $259.36 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. The company’s 50-day simple moving average is $255.55 and its two-hundred day simple moving average is $246.06. Nordson Co. has a one year low of $222.18 and a one year high of $279.38.

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,312 shares of company stock valued at $831,742. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.