Trade Report: Today, Neuberger Berman Group LLC sells partial stakes of Nordson Corp. (NDSN)

Today, Neuberger Berman Group LLC sells partial stakes of Nordson Corp. (NDSN)

Neuberger Berman Group LLC reduced its stake in Nordson Corp. (NASDAQ:NDSN) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,551,027 shares of the company’s stock after selling 34,823 shares during the period. Neuberger Berman Group LLC owned 2.71% of Nordson Corp. worth $154,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Vanguard Group Inc. raised its position in shares of Nordson Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 3,945,066 shares of the company’s stock valued at $329,848,000 after buying an additional 72,052 shares during the period. BlackRock Fund Advisors raised its position in shares of Nordson Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 1,906,019 shares of the company’s stock valued at $159,362,000 after buying an additional 98,380 shares during the period. Janus Capital Management LLC raised its position in shares of Nordson Corp. by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,579,769 shares of the company’s stock valued at $132,085,000 after buying an additional 24,517 shares during the period. Alliancebernstein L.P. raised its position in shares of Nordson Corp. by 1,955.1% in the second quarter. Alliancebernstein L.P. now owns 853,887 shares of the company’s stock valued at $71,393,000 after buying an additional 812,338 shares during the period. Finally, Fiera Capital Corp raised its position in shares of Nordson Corp. by 2,788.9% in the second quarter. Fiera Capital Corp now owns 563,339 shares of the company’s stock valued at $47,101,000 after buying an additional 543,839 shares during the period. 65.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nordson Corp. (NASDAQ:NDSN) remained flat at $109.86 during trading on Thursday. The stock had a trading volume of 270,517 shares. Nordson Corp. has a 52 week low of $51.89 and a 52 week high of $109.99. The stock has a 50 day moving average of $101.11 and a 200 day moving average of $92.37. The firm has a market cap of $6.28 billion, a P/E ratio of 25.90 and a beta of 1.28.

NDSN has been the subject of several recent research reports. Seaport Global Securities increased their price target on Nordson Corp. from $99.00 to $115.00 in a report on Wednesday, August 24th. SunTrust Banks Inc. increased their price target on Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Wunderlich increased their price target on Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Zacks Investment Research upgraded Nordson Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Citigroup Inc. downgraded Nordson Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Nordson Corp. presently has a consensus rating of “Hold” and an average target price of $103.90.

In related news, insider Gregory P. Merk sold 16,600 shares of Nordson Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $100.30, for a total value of $1,664,980.00. Following the completion of the sale, the insider now owns 45,812 shares of the company’s stock, valued at approximately $4,594,943.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory P. Merk sold 19,800 shares of Nordson Corp. stock in a transaction on Monday, August 29th. The shares were sold at an average price of $100.24, for a total transaction of $1,984,752.00. Following the completion of the sale, the insider now directly owns 59,715 shares of the company’s stock, valued at approximately $5,985,831.60. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by corporate insiders.

Nordson Corp. Company Profile

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