Daiwa Securities Group Inc. Has $2.43 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Daiwa Securities Group Inc. boosted its stake in Nordson Co. (NASDAQ:NDSN) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,254 shares of the industrial products company’s stock after buying an additional 1,672 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nordson were worth $2,430,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Nordson by 2.7% during the second 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 acquiring an additional 68,810 shares during the period. American Century Companies Inc. lifted its holdings in Nordson by 2.7% during 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 purchasing an additional 15,947 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Nordson by 2.5% in the second 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Nordson by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock worth $78,623,000 after buying an additional 47,865 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Nordson by 5.7% during the third quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock worth $86,727,000 after buying an additional 17,732 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Up 0.2 %

NDSN opened at $259.36 on Thursday. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The firm has a 50-day moving average price of $255.55 and a two-hundred day moving average price of $246.06. The stock has a market capitalization of $14.83 billion, a PE ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.90. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Insider Activity at Nordson

In other 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 owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,312 shares of company stock valued at $831,742 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

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