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

Captrust Financial Advisors lessened its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 50.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,386 shares of the industrial products company's stock after selling 2,391 shares during the period. Captrust Financial Advisors' holdings in Nordson were worth $627,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nordson in the 2nd quarter valued at about $27,000. Tortoise Investment Management LLC boosted its holdings in shares of Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company's stock worth $32,000 after buying an additional 58 shares in the last quarter. Blue Trust Inc. grew its position in shares of Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock worth $42,000 after buying an additional 91 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Nordson in the second quarter worth $46,000. Finally, UMB Bank n.a. grew its stake in shares of 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 during the period. 72.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nordson news, 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 sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 3,629 shares of company stock valued at $914,400. Company insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

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

Nordson Stock Down 8.2 %

NDSN stock traded down $20.44 during trading on Thursday, reaching $229.11. The stock had a trading volume of 1,049,099 shares, compared to its average volume of 237,895. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The company's 50 day moving average is $255.03 and its two-hundred day moving average is $245.93. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.89 and a beta of 0.90.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. The company 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 firm'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 EPS. Equities research analysts forecast that Nordson Co. will post 9.55 EPS for the current year.

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.