Pathstone Holdings LLC Has $1.94 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Pathstone Holdings LLC increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,384 shares of the industrial products company’s stock after buying an additional 203 shares during the quarter. Pathstone Holdings LLC’s holdings in Nordson were worth $1,939,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after purchasing an additional 193,421 shares during the period. Swedbank AB acquired a new position in Nordson in the 1st quarter worth $48,044,000. Price T Rowe Associates Inc. MD increased its holdings in Nordson by 237.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Nordson by 2.7% in the 2nd 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 purchasing an additional 68,810 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN opened at $258.73 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. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The firm has a fifty day simple moving average of $255.48 and a 200 day simple moving average of $246.20. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.94 and a beta of 0.90.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased 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 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 stock has a consensus rating of “Moderate Buy” and an average target price of $299.00.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction that occurred on 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. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the 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 completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,312 shares of company stock worth $831,742 in the last three months. Insiders own 0.86% of the company’s stock.

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.