Comerica Bank Purchases 205 Shares of Nordson Co. (NASDAQ:NDSN)

Comerica Bank raised its holdings in shares of Nordson Co. (NASDAQ:NDSNGet Rating) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,059 shares of the industrial products company’s stock after acquiring an additional 205 shares during the quarter. Comerica Bank’s holdings in Nordson were worth $1,764,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NDSN. D.A. Davidson & CO. grew its position in Nordson by 18.4% in the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 147 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Nordson by 461.0% in the 1st quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 4,352 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Nordson by 7.5% in the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 150 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Nordson in the 1st quarter valued at about $219,000. Finally, Sei Investments Co. grew its holdings in shares of Nordson by 2.1% in the 1st quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock valued at $10,615,000 after acquiring an additional 970 shares in the last quarter. 70.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Nordson from $310.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. DA Davidson decreased their target price on shares of Nordson to $265.00 in a research note on Thursday, October 27th. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, Robert W. Baird decreased their price objective on shares of Nordson from $264.00 to $259.00 and set an “outperform” rating for the company in a research report on Friday, December 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $258.80.

Insiders Place Their Bets

In other Nordson news, EVP Shelly Peet sold 1,692 shares of Nordson stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $235.00, for a total transaction of $397,620.00. Following the completion of the transaction, the executive vice president now directly owns 26,487 shares of the company’s stock, valued at $6,224,445. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Shelly Peet sold 1,692 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $235.00, for a total transaction of $397,620.00. Following the completion of the sale, the executive vice president now owns 26,487 shares in the company, valued at $6,224,445. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Srinivas Subramanian sold 1,480 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $217.48, for a total value of $321,870.40. Following the sale, the executive vice president now owns 1,118 shares of the company’s stock, valued at approximately $243,142.64. The disclosure for this sale can be found here. Insiders sold a total of 4,783 shares of company stock valued at $1,102,908 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $233.82 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.16. Nordson Co. has a 12 month low of $194.89 and a 12 month high of $247.08. The stock has a 50 day moving average of $236.42 and a 200-day moving average of $227.74. The company has a market capitalization of $13.36 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.98 and a beta of 0.90.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 20th were given a dividend of $0.65 per share. The ex-dividend date was Monday, December 19th. This represents a $2.60 dividend on an annualized basis and a yield of 1.11%. Nordson’s dividend payout ratio (DPR) is 29.48%.

About Nordson

(Get Rating)

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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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