Atria Investments LLC increased its position in Nordson Co. (NASDAQ:NDSN) by 33.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,699 shares of the industrial products company’s stock after purchasing an additional 683 shares during the quarter. Atria Investments LLC’s holdings in Nordson were worth $368,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Nordson by 5.5% in the second quarter. BlackRock Inc. now owns 4,990,403 shares of the industrial products company’s stock worth $705,194,000 after purchasing an additional 262,385 shares in the last quarter. Natixis bought a new position in Nordson in the second quarter worth approximately $229,000. Vestmark Advisory Solutions Inc. grew its stake in Nordson by 5.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 8,912 shares of the industrial products company’s stock worth $1,259,000 after purchasing an additional 439 shares in the last quarter. Colony Group LLC grew its stake in Nordson by 37.5% in the second quarter. Colony Group LLC now owns 2,109 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 575 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in Nordson by 7.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 673,805 shares of the industrial products company’s stock worth $95,216,000 after purchasing an additional 45,785 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.
Shares of NASDAQ NDSN opened at $142.89 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $8.01 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The stock’s fifty day simple moving average is $140.02 and its two-hundred day simple moving average is $138.04. Nordson Co. has a 12-month low of $110.16 and a 12-month high of $149.23.
Several research analysts recently issued reports on the company. ValuEngine cut Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Longbow Research set a $160.00 price objective on Nordson and gave the stock a “buy” rating in a research note on Friday, August 23rd. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating and set a $148.00 price objective on the stock. in a research note on Monday, July 1st. Finally, DA Davidson dropped their price objective on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $143.00.
In other Nordson news, insider Gregory A. Thaxton sold 2,411 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $138.14, for a total transaction of $333,055.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey A. Pembroke sold 3,200 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $140.19, for a total value of $448,608.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,687 shares of company stock worth $5,270,682 in the last ninety days. Insiders own 1.97% of the company’s stock.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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