Intech Investment Management LLC Has $831,000 Stock Position in Nordson Co. (NASDAQ:NDSN)

Intech Investment Management LLC trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 38.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,166 shares of the industrial products company’s stock after selling 2,005 shares during the quarter. Intech Investment Management LLC’s holdings in Nordson were worth $831,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Nordson during the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Nordson in the second quarter valued at about $46,000. Finally, UMB Bank n.a. lifted its position in Nordson by 2,387.5% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 0.2 %

Shares of NDSN opened at $259.36 on Friday. The stock’s fifty day simple moving average is $255.62 and its 200-day simple moving average is $246.15. The firm has a market capitalization of $14.83 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. Nordson Co. has a 12-month low of $222.18 and a 12-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.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $299.00.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of the firm’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 completion of the transaction, the executive vice president now owns 8,659 shares in the company, valued at $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. In the last three months, insiders sold 3,312 shares of company stock valued at $831,742. 0.86% of the stock is currently owned by insiders.

About Nordson

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.