Healthcare of Ontario Pension Plan Trust Fund Invests $3.26 Million in Nordson Co. (NASDAQ:NDSN)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,403 shares of the industrial products company's stock, valued at approximately $3,257,000.

Several other institutional investors and hedge funds have also modified their holdings of NDSN. Assenagon Asset Management S.A. grew its holdings in Nordson by 61.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company's stock worth $7,224,000 after acquiring an additional 11,875 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Nordson by 422.3% during the first quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company's stock worth $3,947,000 after purchasing an additional 11,625 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Nordson by 300.8% during the second quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company's stock worth $702,000 after purchasing an additional 2,271 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Nordson by 82.9% during the first quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company's stock valued at $1,308,000 after purchasing an additional 2,159 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Nordson by 105.6% in the second quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company's stock valued at $2,708,000 after purchasing an additional 5,997 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 8,659 shares of the company's stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,312 shares of company stock worth $831,742. Corporate insiders own 0.86% of the company's stock.

Nordson Trading Up 0.6 %

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price objective on Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $299.00.

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.