Nordson Co. (NASDAQ:NDSN) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in Nordson Co. (NASDAQ:NDSN) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,965 shares of the industrial products company’s stock after selling 1,582 shares during the period. Eagle Asset Management Inc.’s holdings in Nordson were worth $4,958,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Nordson during the 2nd quarter valued at $27,000. Tortoise Investment Management LLC boosted its holdings in Nordson by 70.7% during 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 during the period. Blue Trust Inc. boosted its holdings in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Nordson during the second quarter valued at about $46,000. Finally, UMB Bank n.a. lifted its stake in shares of Nordson by 2,387.5% in the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after buying an additional 191 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NDSN opened at $261.27 on Monday. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. 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 company’s 50 day simple moving average is $255.27 and its 200-day simple moving average is $246.30. The stock has a market capitalization of $14.94 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90.

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’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 sale, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.