Oppenheimer & Co. Inc. Makes New $203,000 Investment in Nordson Co. (NASDAQ:NDSN)

Oppenheimer & Co. Inc. acquired a new position in Nordson Co. (NASDAQ:NDSN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 772 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in the company. Natixis bought a new position in shares of Nordson during the 1st quarter valued at approximately $140,000. Toronto Dominion Bank grew its position in Nordson by 3.6% in the 1st quarter. Toronto Dominion Bank now owns 30,616 shares of the industrial products company’s stock valued at $8,405,000 after acquiring an additional 1,050 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Nordson by 237.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after acquiring an additional 174,330 shares during the last quarter. Kennedy Capital Management LLC grew its position in Nordson by 10.6% in the 1st quarter. Kennedy Capital Management LLC now owns 62,347 shares of the industrial products company’s stock valued at $17,117,000 after acquiring an additional 5,977 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Nordson in the 1st quarter valued at $400,000. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock opened at $261.27 on Friday. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.91 and a beta of 0.90. The stock has a fifty day simple moving average of $255.27 and a two-hundred day simple moving average of $246.47. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 EPS. On average, analysts predict that Nordson Co. will post 9.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the 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 completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % 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 Company 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.