Intech Investment Management LLC Has $831,000 Position in Nordson Co. (NASDAQ:NDSN)

Intech Investment Management LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 38.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,166 shares of the industrial products company’s stock after selling 2,005 shares during the quarter. Intech Investment Management LLC’s holdings in Nordson were worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Nordson by 61.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after acquiring an additional 11,875 shares during the last quarter. Cetera Investment Advisers boosted its stake in Nordson by 422.3% during the 1st quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock valued at $3,947,000 after purchasing an additional 11,625 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Nordson by 300.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company’s stock valued at $702,000 after buying an additional 2,271 shares during the last quarter. Cetera Advisors LLC increased its position in Nordson by 82.9% in the 1st quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 2,159 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Nordson by 105.6% in the second quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company’s stock valued at $2,708,000 after acquiring an additional 5,997 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 0.2 %

Nordson stock opened at $259.36 on Friday. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. The business has a 50 day moving average price of $255.62 and a two-hundred day moving average price of $246.15. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $299.00.

Insider Buying and Selling

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,312 shares of company stock valued at $831,742 over the last ninety days. 0.86% of the stock is owned by company insiders.

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.