BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,328 Shares of Nordson Co. (NASDAQ:NDSN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in Nordson Co. (NASDAQ:NDSN) by 12.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,077 shares of the industrial products company’s stock after selling 1,328 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Nordson were worth $2,384,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NDSN. Ashton Thomas Private Wealth LLC bought a new stake in Nordson in the 2nd quarter worth about $27,000. Tortoise Investment Management LLC boosted its stake in Nordson by 70.7% in the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 58 shares during the last quarter. Blue Trust Inc. boosted its stake in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Nordson in the second quarter valued at about $46,000. Finally, UMB Bank n.a. boosted its stake in Nordson by 2,387.5% in the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 191 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the sale, the executive vice president now directly owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,629 shares of company stock worth $914,400. 0.86% of the stock is owned by corporate insiders.

Nordson Stock Performance

Shares of NDSN stock opened at $256.54 on Thursday. The stock has a market capitalization of $14.67 billion, a P/E ratio of 31.25, a PEG ratio of 1.93 and a beta of 0.90. 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’s 50 day moving average is $255.80 and its 200 day moving average is $245.60. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38.

Analyst Upgrades and Downgrades

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

About Nordson

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.