Janus Henderson Group PLC Increases Position in Nordson Co. (NASDAQ:NDSN)

Janus Henderson Group PLC raised its position in Nordson Co. (NASDAQ:NDSN) by 0.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,238 shares of the industrial products company’s stock after purchasing an additional 79 shares during the period. Janus Henderson Group PLC owned 0.35% of Nordson worth $52,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NDSN. Assenagon Asset Management S.A. boosted its holdings in shares of Nordson by 61.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after buying an additional 11,875 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nordson by 422.3% in the 1st quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock valued at $3,947,000 after buying an additional 11,625 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Nordson by 82.9% in the 1st quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 2,159 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Nordson by 105.6% in the 2nd quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company’s stock valued at $2,708,000 after buying an additional 5,997 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their target price 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average target price of $299.00.

Nordson Stock Down 0.8 %

Shares of NASDAQ:NDSN opened at $254.58 on Friday. The stock has a market cap of $14.56 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.92 and a beta of 0.90. The firm has a fifty day moving average price of $255.82 and a 200 day moving average price of $245.68. 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 1-year low of $222.18 and a 1-year high of $279.38.

Insider Buying and Selling

In other Nordson 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 transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the company’s 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 transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 3,629 shares of company stock worth $914,400 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Nordson 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.