PharVision Advisers LLC Acquires New Stake in Nordson Corporation $NDSN

PharVision Advisers LLC bought a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,241 shares of the industrial products company’s stock, valued at approximately $480,000. Nordson accounts for 0.7% of PharVision Advisers LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC boosted its position in shares of Nordson by 3.5% during the second quarter. Elevation Point Wealth Partners LLC now owns 1,436 shares of the industrial products company’s stock worth $308,000 after buying an additional 48 shares during the period. Ensign Peak Advisors Inc lifted its stake in Nordson by 0.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 13,931 shares of the industrial products company’s stock valued at $2,986,000 after acquiring an additional 50 shares in the last quarter. Harbour Investments Inc. boosted its position in Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 54 shares during the last quarter. Three Seasons Wealth LLC grew its stake in shares of Nordson by 3.0% during the 2nd quarter. Three Seasons Wealth LLC now owns 1,844 shares of the industrial products company’s stock worth $397,000 after acquiring an additional 54 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of Nordson by 1.0% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,666 shares of the industrial products company’s stock worth $1,429,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NDSN shares. Oppenheimer raised their target price on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. DA Davidson set a $285.00 price target on shares of Nordson in a research report on Tuesday, October 21st. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird upped their target price on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average price target of $255.75.

Nordson Trading Up 0.6%

Shares of NASDAQ:NDSN opened at $236.53 on Wednesday. The company has a 50-day simple moving average of $232.40 and a 200 day simple moving average of $222.28. The company has a market capitalization of $13.29 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $259.28.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter. The company had revenue of $646.86 million during the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. Sell-side analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP James E. Devries sold 9,100 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $233.60, for a total value of $2,125,760.00. Following the transaction, the executive vice president owned 51,223 shares in the company, valued at approximately $11,965,692.80. This represents a 15.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $232.39, for a total transaction of $534,497.00. Following the completion of the transaction, the executive vice president directly owned 8,605 shares in the company, valued at approximately $1,999,715.95. This represents a 21.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,600 shares of company stock valued at $3,188,257. Company insiders own 0.80% of the company’s stock.

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; Medical and Fluid Solutions; and Advanced Technology Solutions.