BNP Paribas Financial Markets Has $19.83 Million Stake in Nordson Co. (NASDAQ:NDSN)

BNP Paribas Financial Markets grew its holdings in Nordson Co. (NASDAQ:NDSN) by 20.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,490 shares of the industrial products company’s stock after purchasing an additional 12,847 shares during the quarter. BNP Paribas Financial Markets owned about 0.13% of Nordson worth $19,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new position in shares of Nordson during the first quarter worth approximately $400,000. Tidal Investments LLC grew its holdings in shares of Nordson by 3.4% during the first quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 182 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Nordson by 422.3% in the first quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock valued at $3,947,000 after buying an additional 11,625 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Nordson by 82.9% in the first quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 2,159 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Nordson by 1.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 54,237 shares of the industrial products company’s stock worth $14,764,000 after buying an additional 567 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price objective 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $299.00.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 25.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,312 shares of company stock worth $831,742 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock opened at $260.99 on Friday. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.93 and a beta of 0.90. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $255.72 and a 200 day moving average price of $246.16.

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.