Cetera Investment Advisers Has $2.72 Million Holdings in Nordson Corporation $NDSN

Cetera Investment Advisers decreased its holdings in Nordson Corporation (NASDAQ:NDSN) by 15.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,688 shares of the industrial products company’s stock after selling 2,302 shares during the period. Cetera Investment Advisers’ holdings in Nordson were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP bought a new stake in Nordson in the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Nordson in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its position in shares of Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. NewSquare Capital LLC lifted its stake in shares of Nordson by 212.0% during the 2nd quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock worth $33,000 after buying an additional 106 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Nordson by 96.3% during the 2nd quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Insider Activity at Nordson

In other news, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the transaction, the executive vice president owned 8,605 shares in the company, valued at approximately $1,999,715.95. This trade represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James E. Devries sold 9,100 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $233.60, for a total value of $2,125,760.00. Following the transaction, the executive vice president directly owned 51,223 shares of the company’s stock, valued at $11,965,692.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,600 shares of company stock valued at $3,188,257. Company insiders own 0.80% of the company’s stock.

Nordson Trading Down 0.1%

NDSN opened at $238.00 on Friday. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $261.69. The company has a 50-day simple moving average of $231.72 and a 200 day simple moving average of $221.30. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.98.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The firm had revenue of $646.86 million for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NDSN shares. Jefferies Financial Group restated a “hold” rating and set a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Robert W. Baird lifted their price target on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Oppenheimer upped their price objective on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Finally, DA Davidson set a $285.00 target price on shares of Nordson in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $255.75.

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.