Pathstone Holdings LLC Has $1.94 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Pathstone Holdings LLC boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.8% in the third quarter, HoldingsChannel reports. The firm owned 7,384 shares of the industrial products company’s stock after purchasing an additional 203 shares during the quarter. Pathstone Holdings LLC’s holdings in Nordson were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NDSN. Price T Rowe Associates Inc. MD grew its stake in Nordson by 237.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after buying an additional 174,330 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Nordson in the first quarter valued at approximately $400,000. California State Teachers Retirement System increased its stake in shares of Nordson by 4.3% during the first quarter. California State Teachers Retirement System now owns 85,652 shares of the industrial products company’s stock worth $23,515,000 after purchasing an additional 3,510 shares during the period. Tidal Investments LLC lifted its holdings in Nordson by 3.4% during the 1st quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 182 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in Nordson by 60.1% in the 1st quarter. iA Global Asset Management Inc. now owns 2,076 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 779 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’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 transaction 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. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,312 shares of company stock worth $831,742. Company insiders own 0.86% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $258.73 on Wednesday. The stock’s fifty day moving average price is $255.48 and its two-hundred day moving average price is $246.20. The firm has a market cap of $14.79 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. 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 Co. has a one year low of $222.18 and a one year high of $279.38.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price objective on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $299.00.

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.