Nordson Corporation $NDSN Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of Nordson Corporation (NASDAQ:NDSN) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,209 shares of the industrial products company’s stock after purchasing an additional 3,795 shares during the period. Legal & General Group Plc owned approximately 0.35% of Nordson worth $42,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nordson by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company’s stock valued at $51,088,000 after buying an additional 9,679 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Nordson by 21.2% during the second quarter. Nordea Investment Management AB now owns 10,083 shares of the industrial products company’s stock worth $2,159,000 after acquiring an additional 1,763 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Nordson by 22.6% in the second quarter. Harbor Capital Advisors Inc. now owns 8,193 shares of the industrial products company’s stock worth $1,756,000 after acquiring an additional 1,508 shares in the last quarter. Confluence Investment Management LLC lifted its stake in shares of Nordson by 118.5% in the second quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock worth $72,048,000 after acquiring an additional 182,305 shares in the last quarter. Finally, Aviva PLC acquired a new position in shares of Nordson in the second quarter worth about $8,205,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nordson

In related news, EVP Joseph P. Kelley sold 2,200 shares of the stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $240.00, for a total transaction of $528,000.00. Following the sale, the executive vice president owned 6,405 shares in the company, valued at $1,537,200. This represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James E. Devries sold 9,100 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the completion of the transaction, the executive vice president directly owned 51,223 shares in the company, valued at $11,965,692.80. This represents a 15.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,600 shares of company stock valued at $3,188,257. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. DA Davidson set a $285.00 price objective on Nordson in a research note on Tuesday, October 21st. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. Finally, Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $255.75.

Nordson Stock Performance

NDSN stock opened at $238.00 on Thursday. The stock’s 50 day simple moving average is $231.51 and its 200 day simple moving average is $221.18. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $261.69. The firm has a market cap of $13.37 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.98. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. The firm had revenue of $646.86 million during the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. As a group, equities research analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

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.