772 Shares in Nordson Co. (NASDAQ:NDSN) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Nordson Co. (NASDAQ:NDSN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 772 shares of the industrial products company’s stock, valued at approximately $203,000.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in Nordson by 289.2% in 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 last quarter. Swedbank AB purchased a new position in Nordson in the first quarter worth about $48,044,000. Price T Rowe Associates Inc. MD boosted its position in Nordson by 237.1% in the first 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 during the last quarter. International Assets Investment Management LLC boosted its position in 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 worth $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 1.8 %

NDSN stock opened at $261.27 on Friday. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.94 billion, a P/E ratio of 31.82, a PEG ratio of 1.91 and a beta of 0.90. The business’s 50-day moving average price is $255.27 and its 200-day moving average price is $246.47.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. During the same period in the previous year, the firm earned $2.35 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Nordson Co. will post 9.55 EPS for the current year.

Insider Activity

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’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 value of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

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

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.