Nordson Co. (NASDAQ:NDSN) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 113.8% in the third quarter, HoldingsChannel.com reports. The fund owned 29,170 shares of the industrial products company’s stock after buying an additional 15,524 shares during the quarter. Holocene Advisors LP’s holdings in Nordson were worth $7,661,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NDSN. Massachusetts Financial Services Co. MA lifted its stake in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after buying an additional 193,421 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Nordson by 26,109.1% in the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Nordson by 2.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after acquiring an additional 68,810 shares during the last quarter. Natixis Advisors LLC increased its position in Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after purchasing an additional 65,436 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Nordson by 437.7% in the 2nd quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company’s stock valued at $14,497,000 after purchasing an additional 50,877 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

NASDAQ NDSN opened at $258.44 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14.78 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The business’s 50-day moving average price is $255.79 and its 200 day moving average price is $245.69. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson 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 transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock worth $914,400 in the last three months. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird raised 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.00.

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.