UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Nordson Co. (NASDAQ:NDSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Nordson Co. (NASDAQ:NDSN) by 6.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 239,545 shares of the industrial products company’s stock after selling 16,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nordson were worth $62,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NDSN. Procyon Advisors LLC increased its holdings in shares of Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC increased its holdings in Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 39 shares during the period. Everpar Advisors LLC raised its position in Nordson by 2.1% during the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $469,000 after buying an additional 42 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 42 shares during the period. Finally, Covestor Ltd increased its stake in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $299.00.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $749,940.00. Following the completion of the transaction, the executive vice president now directly 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. Over the last 90 days, insiders have sold 3,312 shares of company stock worth $831,742. 0.86% of the stock is owned by corporate insiders.

Nordson Stock Down 0.7 %

NDSN opened at $259.15 on Tuesday. The company has a fifty day moving average of $255.72 and a two-hundred day moving average of $245.77. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.94 and a beta of 0.90.

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.