Nordson Co. (NASDAQ:NDSN) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC trimmed its stake in Nordson Co. (NASDAQ:NDSN) by 25.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 970 shares of the industrial products company’s stock after selling 334 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Nordson were worth $241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC increased its holdings in shares of Nordson by 2.8% during the 2nd quarter. Procyon Advisors LLC now owns 1,484 shares of the industrial products company’s stock worth $368,000 after buying an additional 41 shares during the last quarter. Atria Investments Inc increased its stake in Nordson by 0.6% during the first quarter. Atria Investments Inc now owns 9,298 shares of the industrial products company’s stock worth $2,066,000 after acquiring an additional 51 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Nordson by 3.8% in the 4th quarter. Studio Investment Management LLC now owns 1,428 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 52 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Nordson by 3.5% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 1,552 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 53 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of Nordson by 13.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 476 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 70.88% of the company’s stock.

Insider Activity

In other Nordson news, EVP Srinivas Subramanian sold 1,300 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $232.22, for a total transaction of $301,886.00. Following the sale, the executive vice president now owns 2,316 shares in the company, valued at approximately $537,821.52. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Srinivas Subramanian sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $232.22, for a total value of $301,886.00. Following the completion of the transaction, the executive vice president now owns 2,316 shares of the company’s stock, valued at approximately $537,821.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James E. Devries sold 5,200 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $223.53, for a total transaction of $1,162,356.00. Following the sale, the executive vice president now directly owns 46,713 shares in the company, valued at $10,441,756.89. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock valued at $2,619,446 over the last three months. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NDSN shares. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Robert W. Baird increased their price objective on shares of Nordson from $251.00 to $253.00 and gave the company an “outperform” rating in a report on Wednesday, August 23rd. BNP Paribas initiated coverage on Nordson in a report on Thursday, October 5th. They set an “outperform” rating and a $275.00 target price on the stock. Finally, Jefferies Financial Group lowered Nordson from a “buy” rating to a “hold” rating and decreased their price target for the company from $260.00 to $240.00 in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.83.

Nordson Trading Up 0.2 %

Shares of NASDAQ:NDSN opened at $233.83 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 2.23. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.86 and a beta of 0.93. Nordson Co. has a 1-year low of $202.57 and a 1-year high of $253.40. The company has a 50 day moving average price of $222.89 and a 200 day moving average price of $231.39.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Tuesday, August 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.03. The business had revenue of $648.68 million during the quarter, compared to analyst estimates of $664.94 million. Nordson had a return on equity of 21.17% and a net margin of 19.32%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $2.49 EPS. On average, research analysts anticipate that Nordson Co. will post 8.96 EPS for the current fiscal year.

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