JPMorgan Chase & Co. lowered its holdings in shares of Nordson Co. (NASDAQ:NDSN – Get Rating) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,469 shares of the industrial products company's stock after selling 23,032 shares during the period. JPMorgan Chase & Co. owned about 0.32% of Nordson worth $37,344,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. CX Institutional acquired a new position in shares of Nordson during the 2nd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Nordson by 186.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 146 shares of the industrial products company's stock worth $30,000 after acquiring an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nordson by 126.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 197 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 110 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Nordson by 196.4% during the second quarter. First Horizon Advisors Inc. now owns 246 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 163 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in Nordson during the 1st quarter worth about $57,000. Hedge funds and other institutional investors own 72.03% of the company's stock.
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Insider Buying and Selling at Nordson
In other news, EVP Srinivas Subramanian sold 1,480 shares of the firm's stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $217.48, for a total value of $321,870.40. Following the transaction, the executive vice president now directly owns 1,118 shares in the company, valued at approximately $243,142.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Nordson news, EVP Srinivas Subramanian sold 1,480 shares of Nordson stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $217.48, for a total transaction of $321,870.40. Following the transaction, the executive vice president now directly owns 1,118 shares of the company's stock, valued at $243,142.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP James E. Devries sold 4,500 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $218.42, for a total transaction of $982,890.00. Following the completion of the sale, the executive vice president now directly owns 46,605 shares of the company's stock, valued at approximately $10,179,464.10. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.
Nordson Stock Up 0.7 %
Shares of NASDAQ NDSN opened at $236.08 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $13.51 billion, a PE ratio of 28.58, a P/E/G ratio of 1.82 and a beta of 0.92. The firm has a fifty day moving average of $222.08 and a 200-day moving average of $219.83. Nordson Co. has a 52-week low of $194.89 and a 52-week high of $271.90.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on NDSN shares. StockNews.com raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Tuesday, November 22nd. Robert W. Baird boosted their price target on Nordson from $232.00 to $271.00 and gave the company an "outperform" rating in a report on Wednesday, August 24th. DA Davidson decreased their price objective on Nordson to $265.00 in a report on Thursday, October 27th. Finally, Wells Fargo & Company dropped their target price on Nordson from $310.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, October 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $261.20.
Nordson Profile
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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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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