The Manufacturers Life Insurance Company Grows Stock Holdings in Nordson Co. (NASDAQ:NDSN)

The Manufacturers Life Insurance Company increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,876 shares of the industrial products company’s stock after purchasing an additional 777 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Nordson worth $9,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nordson during the 2nd quarter valued at about $27,000. Tortoise Investment Management LLC boosted its position in Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares in the last quarter. Blue Trust Inc. boosted its position in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $46,000. Finally, UMB Bank n.a. lifted its stake in shares of Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 191 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were 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 of the company’s stock, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated 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 owns 6,666 shares of the company’s stock, 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 valued at $914,400 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.00.

Nordson Trading Down 0.3 %

Shares of NDSN stock opened at $258.44 on Wednesday. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.93 and a beta of 0.90. 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 stock has a 50 day simple moving average of $255.79 and a 200-day simple moving average of $245.69.

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.