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

Roffman Miller Associates Inc. PA grew its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,760 shares of the industrial products company’s stock after purchasing an additional 1,778 shares during the quarter. Nordson makes up about 2.4% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 16th largest position. Roffman Miller Associates Inc. PA owned 0.27% of Nordson worth $39,857,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NDSN. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares during the last quarter. State Street Corp lifted its position in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Nordson by 71.0% in the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the business’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 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was 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 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. Insiders have sold 3,629 shares of company stock worth $914,400 over the last 90 days. 0.86% of the stock is owned by company insiders.

Nordson Stock 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. Nordson Co. has a twelve month low of $222.18 and a twelve month high of $279.38. The stock has a market cap of $14.55 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. The firm’s fifty day simple moving average is $255.55 and its 200 day simple moving average is $245.68.

Analyst Upgrades and Downgrades

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