BNP Paribas Financial Markets Purchases 12,847 Shares of Nordson Co. (NASDAQ:NDSN)

BNP Paribas Financial Markets raised its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,490 shares of the industrial products company's stock after purchasing an additional 12,847 shares during the quarter. BNP Paribas Financial Markets owned 0.13% of Nordson worth $19,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Nordson during the second quarter valued at approximately $27,000. Tortoise Investment Management LLC grew its holdings in Nordson by 70.7% during 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. grew its holdings in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 91 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Nordson during the second quarter valued at $46,000. Finally, UMB Bank n.a. grew its holdings in Nordson by 2,387.5% during the second 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 owned by hedge funds and other institutional investors.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares of the company's stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the firm's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,312 shares of company stock valued at $831,742 over the last three months. Company insiders own 0.86% of the company's stock.

Nordson Stock Performance

Shares of Nordson stock traded up $1.63 during trading hours on Friday, reaching $260.99. The company had a trading volume of 122,000 shares, compared to its average volume of 223,969. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The business has a fifty day simple moving average of $255.72 and a 200 day simple moving average of $245.97. 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 firm has a market cap of $14.92 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Analyst Upgrades and Downgrades

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