Sanctuary Advisors LLC Purchases 1,326 Shares of Nordson Co. (NASDAQ:NDSN)

Sanctuary Advisors LLC increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 8.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,311 shares of the industrial products company’s stock after buying an additional 1,326 shares during the period. Sanctuary Advisors LLC’s holdings in Nordson were worth $4,523,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NDSN. State Street Corp boosted its holdings in Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in 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 valued at $601,032,000 after purchasing an additional 68,810 shares in the last quarter. Geode Capital Management LLC increased its stake in Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after buying an additional 14,780 shares during the last quarter. American Century Companies Inc. lifted its position 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 worth $139,624,000 after buying an additional 15,947 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 11,809 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $279.00.

Insider Buying and Selling at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was 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 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Nordson Trading Down 1.2 %

NDSN stock opened at $226.46 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market capitalization of $12.95 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. Nordson Co. has a 52 week low of $222.18 and a 52 week high of $279.38. The company’s 50-day simple moving average is $253.99 and its 200 day simple moving average is $245.93.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 20.12% and a net margin of 17.37%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nordson Co. will post 10.35 earnings per share for the current year.

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.