Barclays PLC Sells 32,370 Shares of Nordson Co. (NASDAQ:NDSN)

Barclays PLC cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 24.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,858 shares of the industrial products company’s stock after selling 32,370 shares during the period. Barclays PLC owned 0.17% of Nordson worth $25,962,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Nordson by 20.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,250 shares of the industrial products company’s stock valued at $986,000 after acquiring an additional 714 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Nordson by 7.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,797 shares of the industrial products company’s stock valued at $1,577,000 after purchasing an additional 465 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after purchasing an additional 11,875 shares during the last quarter. Portside Wealth Group LLC raised its holdings in Nordson by 7.0% in the second quarter. Portside Wealth Group LLC now owns 978 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 64 shares in the last quarter. Finally, Everpar Advisors LLC lifted its position in shares of Nordson by 2.1% during the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after buying an additional 42 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Performance

Shares of Nordson stock opened at $226.46 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 52 week low of $222.18 and a 52 week high of $279.38. The firm has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a PEG ratio of 1.85 and a beta of 0.90. The company has a 50 day moving average price of $253.99 and a 200 day moving average price of $245.73.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 20.12% and a net margin of 17.37%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. Sell-side analysts expect that Nordson Co. will post 10.35 EPS for the current year.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,629 shares of company stock valued at $914,400. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on NDSN. DA Davidson reduced their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $279.00.

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.