Stifel Financial Corp Raises Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Stifel Financial Corp grew its holdings in Nordson Co. (NASDAQ:NDSN) by 1.5% in the third quarter, Holdings Channel reports. The institutional investor owned 131,347 shares of the industrial products company’s stock after acquiring an additional 1,906 shares during the quarter. Stifel Financial Corp’s holdings in Nordson were worth $34,498,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. CWM LLC lifted its holdings in Nordson by 4.0% during the second quarter. CWM LLC now owns 5,484 shares of the industrial products company’s stock valued at $1,272,000 after purchasing an additional 213 shares in the last quarter. OLD National Bancorp IN acquired a new position in Nordson in the 2nd quarter valued at $466,000. QRG Capital Management Inc. lifted its holdings in Nordson by 10.0% in the 2nd quarter. QRG Capital Management Inc. now owns 1,398 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 127 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Nordson by 105.6% during the second quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company’s stock worth $2,708,000 after buying an additional 5,997 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of Nordson by 72.0% in the second quarter. Sound Income Strategies LLC now owns 552 shares of the industrial products company’s stock valued at $128,000 after buying an additional 231 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Down 0.1 %

Shares of NDSN opened at $254.40 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $255.55 and a 200 day moving average price of $245.66. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The firm has a market capitalization of $14.55 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.91 and a beta of 0.90.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares in the company, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,629 shares of company stock worth $914,400 in the last 90 days. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.