Studio Investment Management LLC Buys 66 Shares of Nordson Co. (NASDAQ:NDSN)

Studio Investment Management LLC grew its stake in shares of Nordson Co. (NASDAQ:NDSN) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427 shares of the industrial products company’s stock after acquiring an additional 66 shares during the quarter. Studio Investment Management LLC’s holdings in Nordson were worth $375,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Nordson by 5,590.7% in the 1st quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock valued at $1,343,000 after acquiring an additional 4,808 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Nordson by 61.6% during the second 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 during the last quarter. Cetera Investment Advisers boosted its position in shares of Nordson by 422.3% during the first 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 during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Nordson by 300.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company’s stock worth $702,000 after buying an additional 2,271 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in Nordson by 82.9% during the 1st quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock valued at $1,308,000 after acquiring an additional 2,159 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total value 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 trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s 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 approximately $2,164,576.82. This trade represents 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 company insiders.

Nordson Stock Performance

Shares of NDSN opened at $261.27 on Friday. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The business has a fifty day moving average of $255.27 and a 200 day moving average of $246.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The firm has a market capitalization of $14.94 billion, a P/E ratio of 31.82, a PEG ratio of 1.91 and a beta of 0.90.

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, beating analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 EPS. As a group, sell-side analysts anticipate that Nordson Co. will post 9.55 EPS for the current 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.