Nordson Co. (NASDAQ:NDSN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Nordson Co. (NASDAQ:NDSN) by 30.5% in the third quarter, HoldingsChannel.com reports. The fund owned 334,525 shares of the industrial products company’s stock after selling 147,038 shares during the quarter. Wellington Management Group LLP’s holdings in Nordson were worth $87,856,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDSN. State Street Corp lifted its holdings in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after buying an additional 68,810 shares during the period. American Century Companies Inc. lifted its holdings in shares of Nordson by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock valued at $139,624,000 after buying an additional 15,947 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Nordson by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock valued at $113,689,000 after buying an additional 11,809 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nordson by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after buying an additional 47,865 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $299.00.

Insider Activity at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,659 shares in the company, valued at approximately $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. Insiders sold a total of 3,629 shares of company stock worth $914,400 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of Nordson stock opened at $252.87 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The business has a 50-day moving average price of $255.25 and a 200 day moving average price of $245.91. The firm has a market cap of $14.46 billion, a PE ratio of 30.80, a P/E/G ratio of 1.89 and a beta of 0.90.

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.