Citigroup Inc. Raises Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Citigroup Inc. grew its holdings in Nordson Co. (NASDAQ:NDSN) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,254 shares of the industrial products company’s stock after buying an additional 1,264 shares during the quarter. Citigroup Inc. owned 0.11% of Nordson worth $16,612,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in Nordson in the 2nd quarter worth $27,000. Tortoise Investment Management LLC increased its stake in shares of Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares in the last quarter. Blue Trust Inc. raised its position in shares of Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Nordson in the 2nd quarter valued at about $46,000. Finally, UMB Bank n.a. boosted its holdings in Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after buying an additional 191 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $299.00.

Nordson Stock Up 0.2 %

NDSN stock opened at $259.36 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $255.55 and a two-hundred day moving average of $246.06. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.90.

Insider Activity at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was 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. This trade represents a 25.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated 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 directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,312 shares of company stock valued at $831,742. 0.86% of the stock is currently owned by insiders.

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.