UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 239,545 shares of the industrial products company's stock after selling 16,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.42% of Nordson worth $62,912,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NDSN. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nordson in the third quarter worth about $3,257,000. Townsquare Capital LLC raised its stake in Nordson by 7.0% during the 3rd quarter. Townsquare Capital LLC now owns 11,582 shares of the industrial products company's stock worth $3,042,000 after acquiring an additional 754 shares during the period. BNP Paribas Financial Markets lifted its holdings in Nordson by 20.5% during the third quarter. BNP Paribas Financial Markets now owns 75,490 shares of the industrial products company's stock valued at $19,826,000 after purchasing an additional 12,847 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Nordson during the 3rd quarter valued at $426,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Nordson by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,876 shares of the industrial products company's stock worth $9,685,000 after buying an additional 777 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.
Analyst Ratings Changes
Separately, Robert W. Baird boosted their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a research note 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $299.00.
Check Out Our Latest Report on NDSN
Insider Buying and Selling
In related news, EVP Stephen Lovass sold 317 shares of the stock in a transaction that occurred 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 $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value 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 $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. 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.
Nordson Trading Down 0.3 %
Shares of Nordson stock traded down $0.71 on Tuesday, reaching $258.44. The company had a trading volume of 177,625 shares, compared to its average volume of 232,720. The firm's 50-day moving average price is $255.79 and its two-hundred day moving average price is $245.69. Nordson Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 1.93 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.
About Nordson
(
Free Report)
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.
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