MML Investors Services LLC Acquires 68 Shares of Nordson Co. (NASDAQ:NDSN)

MML Investors Services LLC lifted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 1.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,514 shares of the industrial products company’s stock after acquiring an additional 68 shares during the period. MML Investors Services LLC’s holdings in Nordson were worth $1,448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDSN. Orion Portfolio Solutions LLC lifted its holdings in Nordson by 1.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,966 shares of the industrial products company’s stock valued at $3,668,000 after purchasing an additional 237 shares during the last quarter. National Bank of Canada FI lifted its holdings in Nordson by 86.3% during the 3rd quarter. National Bank of Canada FI now owns 27,794 shares of the industrial products company’s stock valued at $7,300,000 after purchasing an additional 12,873 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after purchasing an additional 5,046 shares during the last quarter. State Street Corp lifted its holdings in Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Nordson by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 131,347 shares of the industrial products company’s stock valued at $34,498,000 after purchasing an additional 1,906 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the company’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 of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % 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 over the last ninety days. Insiders own 0.86% of the company’s stock.

Nordson Trading Down 5.0 %

NDSN opened at $212.79 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The firm has a 50 day simple moving average of $252.08 and a 200 day simple moving average of $245.57. Nordson Co. has a fifty-two week low of $212.33 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Nordson’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 10.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, DA Davidson dropped their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

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.