Tokio Marine Asset Management Co. Ltd. Raises Stock Position in Nordson Co. (NASDAQ:NDSN)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,604 shares of the industrial products company’s stock after acquiring an additional 291 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Nordson were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after purchasing an additional 193,421 shares during the last quarter. Swedbank AB purchased a new stake in Nordson in the first quarter valued at about $48,044,000. Price T Rowe Associates Inc. MD boosted its holdings in Nordson by 237.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after acquiring an additional 174,330 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Nordson by 10.4% during the first quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after acquiring an additional 88,966 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of Nordson from $272.00 to $287.00 and gave the stock 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $299.00.

Nordson Stock Down 0.7 %

Nordson stock opened at $254.78 on Friday. The business’s 50-day simple moving average is $254.67 and its two-hundred day simple moving average is $246.88. 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 $14.57 billion, a PE ratio of 31.03, a PEG ratio of 1.92 and a beta of 0.90. Nordson Co. has a fifty-two week low of $222.18 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the prior year, the company earned $2.35 EPS. Nordson’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Nordson Co. will post 9.55 EPS for the current year.

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.