Toronto Dominion Bank Has $4.79 Million Stake in Nordson Co. (NASDAQ:NDSN)

Toronto Dominion Bank lessened its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 18.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,238 shares of the industrial products company's stock after selling 4,083 shares during the quarter. Toronto Dominion Bank's holdings in Nordson were worth $4,790,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NDSN. Procyon Advisors LLC raised its holdings in shares of Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company's stock worth $1,052,000 after purchasing an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company's stock valued at $752,000 after acquiring an additional 42 shares during the last quarter. Covestor Ltd raised its stake in shares of Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after purchasing an additional 43 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Nordson by 0.6% in the second quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company's stock valued at $1,792,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 317 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares of the company's stock, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a 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 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 3,629 shares of company stock worth $914,400. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NDSN shares. DA Davidson dropped their price objective on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday. Robert W. Baird reissued a "neutral" rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday. Finally, Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $279.00.

Nordson Trading Down 1.2 %

NDSN stock traded down $2.65 during mid-day trading on Friday, hitting $226.46. 720,284 shares of the company were exchanged, compared to its average volume of 239,897. 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 firm has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a PEG ratio of 1.85 and a beta of 0.90. The business has a fifty day simple moving average of $253.99 and a 200-day simple moving average of $245.93. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38.

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

Nordson Company 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.