Captrust Financial Advisors Sells 2,391 Shares of Nordson Co. (NASDAQ:NDSN)

Captrust Financial Advisors lessened its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 50.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,386 shares of the industrial products company’s stock after selling 2,391 shares during the quarter. Captrust Financial Advisors’ holdings in Nordson were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NDSN. Assenagon Asset Management S.A. lifted its holdings in shares of Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after buying an additional 11,875 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Nordson by 105.6% in 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. Massachusetts Financial Services Co. MA lifted its holdings in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Nordson by 15.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,861 shares of the industrial products company’s stock worth $3,911,000 after buying an additional 2,194 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in Nordson by 7.5% in the second quarter. Johnson Investment Counsel Inc. now owns 307,686 shares of the industrial products company’s stock valued at $71,365,000 after purchasing an additional 21,509 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird raised 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

Insider Transactions at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,629 shares of company stock valued at $914,400 in the last quarter. 0.86% of the stock is owned by insiders.

Nordson Stock Performance

Shares of Nordson stock opened at $249.55 on Thursday. 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 market capitalization of $14.27 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.89 and a beta of 0.90. The business has a fifty day simple moving average of $255.03 and a two-hundred day simple moving average of $245.93. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. On average, equities analysts forecast that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

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.