Wellington Management Group LLP Trims Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Wellington Management Group LLP trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,525 shares of the industrial products company’s stock after selling 147,038 shares during the quarter. Wellington Management Group LLP owned approximately 0.59% of Nordson worth $87,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in Nordson by 61.6% during the 2nd 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 period. SG Americas Securities LLC increased its holdings 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 worth $2,708,000 after purchasing an additional 5,997 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in 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 worth $84,499,000 after purchasing an additional 61,430 shares during the period. Holocene Advisors LP increased its holdings in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after purchasing an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its holdings in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,629 shares of company stock worth $914,400. 0.86% of the stock is currently owned by company insiders.

Nordson Trading Down 1.0 %

Shares of NASDAQ:NDSN opened at $252.87 on Wednesday. Nordson Co. has a 12-month low of $222.18 and a 12-month high of $279.38. The business’s fifty day simple moving average is $255.25 and its 200-day simple moving average is $245.91. The company has a market capitalization of $14.46 billion, a PE ratio of 30.80, a P/E/G ratio of 1.89 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.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price objective on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.