Independent Advisor Alliance Grows Position in Nordson Co. (NASDAQ:NDSN)

Independent Advisor Alliance boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 11.3% during the 3rd quarter, Holdings Channel reports. The firm owned 2,303 shares of the industrial products company’s stock after acquiring an additional 233 shares during the quarter. Independent Advisor Alliance’s holdings in Nordson were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Procyon Advisors LLC grew its position in Nordson by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its stake in Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 39 shares during the period. Everpar Advisors LLC lifted its stake in Nordson by 2.1% during the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 42 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 42 shares during the period. Finally, Covestor Ltd lifted its stake in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus target price of $299.00.

Nordson Stock Performance

NDSN opened at $259.36 on Thursday. 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 fifty day moving average price of $255.55 and a 200 day moving average price of $246.06. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The stock has a market cap of $14.83 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.90.

Insider Activity at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’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 completion of the transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,312 shares of company stock worth $831,742 in the last three months. Company insiders own 0.86% of the company’s stock.

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.