Barclays PLC Reduces Stock Position in Nordson Co. (NASDAQ:NDSN)

Barclays PLC trimmed its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 24.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,858 shares of the industrial products company's stock after selling 32,370 shares during the quarter. Barclays PLC owned approximately 0.17% of Nordson worth $25,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company's stock worth $60,377,000 after buying an additional 193,421 shares during the last quarter. State Street Corp lifted its stake in Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company's stock valued at $601,032,000 after purchasing an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock worth $41,386,000 after purchasing an additional 65,436 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NDSN shares. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday. Robert W. Baird restated a "neutral" rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research note on Friday. Finally, Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $279.00.

Nordson Stock Performance

Shares of Nordson stock traded down $2.65 during trading on Friday, reaching $226.46. The company's stock had a trading volume of 720,284 shares, compared to its average volume of 239,897. The firm has a market cap of $12.95 billion, a PE ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90. The company has a 50-day moving average price of $253.99 and a two-hundred day moving average price of $245.82. 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 Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The business had revenue of $744.00 million during the quarter, compared to analysts' expectations of $736.83 million. During the same period in the prior year, the company earned $2.46 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Nordson Co. will post 10.35 EPS for the current year.

Insider Activity

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was 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 directly owns 8,659 shares of the company's stock, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock valued at $914,400 over the last quarter. Corporate 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.