Benjamin Edwards Inc. Grows Stake in Nordson Co. (NASDAQ:NDSN)

Benjamin Edwards Inc. lifted its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 3,861.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,530 shares of the industrial products company's stock after buying an additional 26,835 shares during the quarter. Benjamin Edwards Inc.'s holdings in Nordson were worth $7,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $27,000. Tortoise Investment Management LLC grew its position in shares of Nordson by 70.7% in the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. increased its stake in shares of Nordson by 130.0% during the third 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. acquired a new position in shares of Nordson during the 2nd quarter worth about $46,000. Finally, UMB Bank n.a. lifted its stake in 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 buying an additional 191 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN stock traded down $1.26 during mid-day trading on Tuesday, reaching $257.89. The company's stock had a trading volume of 43,777 shares, compared to its average volume of 232,128. The stock has a market cap of $14.75 billion, a PE ratio of 31.24, a P/E/G ratio of 1.94 and a beta of 0.90. The company's 50 day moving average is $255.79 and its two-hundred day moving average is $245.69. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company's stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,312 shares of company stock worth $831,742. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Separately, Robert W. Baird increased their target price on Nordson from $272.00 to $287.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $299.00.

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.