Roffman Miller Associates Inc. PA Buys 1,778 Shares of Nordson Co. (NASDAQ:NDSN)

Roffman Miller Associates Inc. PA increased its position in Nordson Co. (NASDAQ:NDSN) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 151,760 shares of the industrial products company’s stock after acquiring an additional 1,778 shares during the quarter. Nordson makes up approximately 2.4% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 16th largest holding. Roffman Miller Associates Inc. PA’s holdings in Nordson were worth $39,857,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after purchasing an additional 11,875 shares during the last quarter. SG Americas Securities LLC lifted its stake 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 valued at $2,708,000 after acquiring an additional 5,997 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Holocene Advisors LP grew its stake 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 worth $7,661,000 after acquiring an additional 15,524 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Nordson by 15.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,861 shares of the industrial products company’s stock valued at $3,911,000 after purchasing an additional 2,194 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,629 shares of company stock valued at $914,400. Insiders own 0.86% of the company’s stock.

Nordson Price Performance

NASDAQ NDSN opened at $254.40 on Monday. 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 firm has a market capitalization of $14.55 billion, a P/E ratio of 30.99, a PEG ratio of 1.89 and a beta of 0.90. The company has a 50-day moving average price of $255.55 and a 200-day moving average price of $245.68. 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.