Eurizon Capital SGR S.p.A. bought a new stake in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,737 shares of the industrial products company’s stock, valued at approximately $660,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service boosted its position in shares of Nordson by 49.5% during the 4th quarter. National Pension Service now owns 2,713 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 898 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Nordson by 25.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,338 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 268 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of Nordson during the 4th quarter valued at approximately $1,426,000. AlphaQuest LLC boosted its position in shares of Nordson by 1,718.7% during the 4th quarter. AlphaQuest LLC now owns 17,932 shares of the industrial products company’s stock valued at $4,311,000 after acquiring an additional 16,946 shares during the last quarter. Finally, Allstate Corp boosted its position in shares of Nordson by 88.2% during the 4th quarter. Allstate Corp now owns 3,079 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 1,443 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.
Nordson Stock Performance
NASDAQ:NDSN opened at $289.45 on Thursday. The stock’s fifty day moving average is $278.16 and its 200 day moving average is $267.46. Nordson Corporation has a fifty-two week low of $207.08 and a fifty-two week high of $305.28. The firm has a market capitalization of $16.13 billion, a PE ratio of 30.86, a PEG ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60.
Insider Buying and Selling at Nordson
In other Nordson news, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the sale, the executive vice president owned 6,407 shares in the company, valued at $1,793,960. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Hall sold 716 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total value of $197,487.12. Following the completion of the sale, the executive vice president owned 1,515 shares in the company, valued at approximately $417,867.30. The trade was a 32.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. BNP Paribas Exane increased their target price on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 target price on shares of Nordson in a research report on Monday, February 23rd. Robert W. Baird increased their price target on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, February 20th. KeyCorp increased their price target on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.
Read Our Latest Research Report on Nordson
Nordson Company Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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