Townsquare Capital LLC Has $3.04 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Townsquare Capital LLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,582 shares of the industrial products company’s stock after purchasing an additional 754 shares during the period. Townsquare Capital LLC’s holdings in Nordson were worth $3,042,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NDSN. Massachusetts Financial Services Co. MA raised its position in Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 worth $601,032,000 after purchasing an additional 68,810 shares in the last quarter. Natixis Advisors LLC increased its position in Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Nordson by 437.7% during the second quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company’s stock worth $14,497,000 after buying an additional 50,877 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN opened at $260.99 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The company’s fifty day moving average price is $255.61 and its 200 day moving average price is $246.24. The company has a market capitalization of $14.92 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,312 shares of company stock worth $831,742. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price target on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average price target 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.