Cerity Partners LLC Increases Stake in Nordson Co.

Cerity Partners LLC has recently expanded its holdings in Nordson Co. (NASDAQ:NDSN) by 16.0% in the third quarter, as revealed in its latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 1,998 shares during this period, Cerity Partners now owns a total of 14,499 shares of the industrial products company. The value of Cerity's holdings in Nordson stood at approximately $3,808,000 at the close of the most recent reporting period.

Other Institutional Investments

A variety of other institutional investors and hedge funds have also adjusted their holdings in Nordson recently. Massachusetts Financial Services Co. MA significantly increased its position by 289.2% in the second quarter, acquiring an additional 193,421 shares to bring its total to 260,312 shares worth $60,377,000. Another notable investor, International Assets Investment Management LLC, raised its stake dramatically by 26,109.1% during the third quarter, now holding 104,050 shares valued at $27,327,000 following the purchase of 103,653 shares in the last quarter.

Kayne Anderson Rudnick Investment Management LLC grew its ownership of Nordson shares by 2.7% in the second quarter, reaching 2,591,323 shares worth about $601,032,000 after purchasing an additional 68,810 shares. Furthermore, Natixis Advisors LLC increased its holdings by 71.0% during the third quarter, acquiring an additional 65,436 shares to own 157,582 shares valued at $41,386,000. Squarepoint Ops LLC also made significant moves, raising its position by 437.7% in the second quarter, now holding 62,502 shares after acquiring an additional 50,877 shares.

In total, hedge funds and other institutional investors own 72.11% of Nordson's stock.

Analyst Ratings

In separate news regarding analyst evaluations, Robert W. Baird updated its price target for Nordson shares from $272.00 to $287.00 and designated the company with an "outperform" rating on August 23rd. Currently, two research analysts have assigned a hold rating on Nordson's stock, while three others have provided it with a buy rating. Data from MarketBeat.com indicates that the consensus rating for Nordson's stock is "Moderate Buy," with an average price target set at $299.00.

Current Stock Performance

On Friday, shares of Nordson Co. traded at $260.99, reflecting a 0.6% increase. The company maintains a current ratio of 2.36, a quick ratio of 1.52, and a debt-to-equity ratio of 0.49. Over the past year, Nordson's stock has fluctuated between a low of $222.18 and a high of $279.38. The company holds a market capitalization of $14.92 billion and a PE ratio of 31.79, along with a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. Regarding moving averages, Nordson has a 50-day simple moving average of $255.61 and a 200-day simple moving average of $246.24.

Insider Activity

In recent insider transactions, EVP Jennifer L. Mcdonough sold 225 shares of Nordson's stock on November 11th for an average price of $262.27, totalling approximately $59,010.75. Following this transaction, Mcdonough owns 3,287 shares valued at around $862,081.49, indicating a 6.41% decrease in her ownership. Additionally, EVP Joseph P. Kelley sold 3,000 shares on October 9th at an average price of $249.98, bringing in a total of $749,940.00. After this sale, Kelley now possesses 8,659 shares with a value of about $2,164,576.82, marking a 25.73% reduction in his stake. In the last three months, insiders have sold a total of 3,312 shares valued at $831,742, with insiders owning 0.86% of the company's stock.

About Nordson Corporation

Nordson Corporation designs, manufactures, and markets products and systems for dispensing, applying, and controlling adhesives, coatings, polymers, sealants, biomaterials, and other fluids across the globe. The company operates through three primary segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

Cerity, Nordson, Investment