PNC Financial Services Group Inc. Grows Stock Position in Nordson Co. (NASDAQ:NDSN)

PNC Financial Services Group Inc. grew its position in Nordson Co. (NASDAQ:NDSN) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,184 shares of the industrial products company’s stock after acquiring an additional 1,146 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Nordson were worth $3,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Nordson in the third quarter valued at approximately $371,000. Pathstone Holdings LLC lifted its position in Nordson by 2.8% during the third quarter. Pathstone Holdings LLC now owns 7,384 shares of the industrial products company’s stock worth $1,939,000 after buying an additional 203 shares in the last quarter. Swiss National Bank lifted its position in Nordson by 0.4% during the third quarter. Swiss National Bank now owns 161,500 shares of the industrial products company’s stock worth $42,415,000 after buying an additional 600 shares in the last quarter. Claro Advisors LLC lifted its position in Nordson by 4.5% during the third quarter. Claro Advisors LLC now owns 2,729 shares of the industrial products company’s stock worth $717,000 after buying an additional 118 shares in the last quarter. Finally, Natixis Advisors LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction 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 completion of the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Nordson Stock Performance

Shares of Nordson stock opened at $261.27 on Monday. The business’s 50 day moving average price is $255.27 and its 200 day moving average price is $246.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.91 and a beta of 0.90. Nordson Co. has a one year low of $222.18 and a one year high of $279.38.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price objective on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.