UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,545 shares of the industrial products company's stock after selling 16,326 shares during the period. 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.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased 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 acquiring an additional 193,421 shares during the period. International Assets Investment Management LLC increased its holdings in Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after purchasing an additional 103,653 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Nordson by 2.7% during 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 in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock worth $41,386,000 after buying an additional 65,436 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Nordson by 437.7% during the 2nd quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company's stock worth $14,497,000 after buying an additional 50,877 shares in the last quarter. Institutional investors own 72.11% of the company's stock.
In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 3,287 shares in the company, valued at $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 is available at the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the company's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $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 have sold a total of 3,312 shares of company stock valued at $831,742 over the last quarter. 0.86% of the stock is owned by corporate insiders.
Separately, Robert W. Baird lifted their price objective on Nordson from $272.00 to $287.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $299.00.
Read Our Latest Research Report on Nordson
Shares of NASDAQ NDSN opened at $259.15 on Tuesday. The stock has a market capitalization of $14.82 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. 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 stock's fifty day simple moving average is $255.72 and its two-hundred day simple moving average is $245.77.
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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