Nordson Co. (NASDAQ:NDSN) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its position in Nordson Co. (NASDAQ:NDSN) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,181 shares of the industrial products company’s stock after purchasing an additional 257 shares during the period. Tidal Investments LLC’s holdings in Nordson were worth $3,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of Nordson by 61.6% during the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after buying an additional 11,875 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after acquiring an additional 20,217 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in shares of Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the last quarter. Finally, Holocene Advisors LP grew its position in shares of Nordson by 113.8% in the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after purchasing an additional 15,524 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Stock Performance

NASDAQ NDSN opened at $226.46 on Friday. The business’s 50-day simple moving average is $253.99 and its 200-day simple moving average is $245.82. The firm has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the previous year, the firm earned $2.46 earnings per share. Nordson’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that Nordson Co. will post 10.35 EPS for the current year.

Insider Activity at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the 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 owns 3,287 shares of the company’s stock, 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 through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction 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. In the last three months, insiders sold 3,629 shares of company stock worth $914,400. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson decreased their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird reissued a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $279.00.

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.