Advisor OS LLC Sells 1,718 Shares of Nordson Co. (NASDAQ:NDSN)

Advisor OS LLC lessened its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,955 shares of the industrial products company's stock after selling 1,718 shares during the quarter. Advisor OS LLC's holdings in Nordson were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning increased its position in Nordson by 16.0% during the third quarter. Creative Planning now owns 4,147 shares of the industrial products company's stock worth $1,089,000 after buying an additional 572 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Nordson by 130.0% during the 3rd 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. Private Advisor Group LLC raised its stake in shares of Nordson by 21.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,365 shares of the industrial products company's stock valued at $621,000 after acquiring an additional 417 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Nordson by 39.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,648 shares of the industrial products company's stock worth $1,740,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Nordson by 9.5% during the third quarter. Forsta AP Fonden now owns 10,400 shares of the industrial products company's stock worth $2,731,000 after purchasing an additional 900 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on NDSN shares. DA Davidson reduced their price objective on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Finally, Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.25.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Nordson Stock Performance

Shares of NASDAQ:NDSN traded down $3.19 during trading on Monday, hitting $207.10. 370,689 shares of the stock were exchanged, compared to its average volume of 351,645. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The company's fifty day simple moving average is $213.43 and its 200-day simple moving average is $238.08.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson's payout ratio is 39.69%.

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.