Thrivent Financial for Lutherans Trims Holdings in Nordson Co. (NASDAQ:NDSN)

Thrivent Financial for Lutherans decreased its holdings in Nordson Co. (NASDAQ:NDSN) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,135 shares of the industrial products company’s stock after selling 57 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Nordson were worth $561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised 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 buying an additional 11,875 shares during the last quarter. Cetera Investment Advisers raised its position in Nordson by 422.3% during the 1st quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock worth $3,947,000 after buying an additional 11,625 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Nordson by 300.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company’s stock worth $702,000 after buying an additional 2,271 shares during the last quarter. Cetera Advisors LLC raised its position in Nordson by 82.9% during 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 last quarter. Finally, SG Americas Securities LLC raised its position in Nordson by 105.6% during the 2nd quarter. SG Americas Securities LLC now owns 11,677 shares of the industrial products company’s stock worth $2,708,000 after buying an additional 5,997 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price objective 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and an average price target of $299.00.

Insider Activity

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,629 shares of company stock worth $914,400 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Nordson Stock Performance

Shares of NDSN opened at $256.54 on Thursday. The company has a 50-day simple moving average of $255.80 and a 200-day simple moving average of $245.60. 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 company has a market capitalization of $14.67 billion, a PE ratio of 31.48, a P/E/G ratio of 1.93 and a beta of 0.90. Nordson Co. has a 52-week low of $222.18 and a 52-week high of $279.38.

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.