Nordson Corporation (NDSN) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. lifted its stake in Nordson Corporation (NASDAQ:NDSN) by 3,862.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,944 shares of the industrial products company’s stock after purchasing an additional 185,150 shares during the quarter. Brown Advisory Inc. owned about 0.33% of Nordson worth $22,509,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Nordson by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Nordson by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock valued at $504,000 after purchasing an additional 72 shares during the last quarter. State of Wisconsin Investment Board raised its position in Nordson by 0.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock worth $1,395,000 after buying an additional 90 shares during the last quarter. Finally, Utah Retirement Systems raised its position in Nordson by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 10,512 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 100 shares during the last quarter. 65.74% of the stock is owned by hedge funds and other institutional investors.

NDSN has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Nordson from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. SunTrust Banks reissued a “buy” rating and set a $135.00 price target on shares of Nordson in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $128.00 price target on shares of Nordson in a research report on Thursday, August 24th. KeyCorp reissued a “buy” rating and set a $145.00 price target on shares of Nordson in a research report on Thursday, October 12th. Finally, Gabelli raised shares of Nordson from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $140.33.

In other news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.15% of the stock is owned by company insiders.

Nordson Corporation (NDSN) opened at $128.56 on Friday. Nordson Corporation has a 1 year low of $103.76 and a 1 year high of $131.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10. The stock has a market cap of $7,416.88, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.40.

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Nordson Profile

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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