Boston Trust Walden Corp Has $60.73 Million Position in Nordson Co. (NASDAQ:NDSN)

Boston Trust Walden Corp lifted its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,219 shares of the industrial products company's stock after buying an additional 9,042 shares during the quarter. Boston Trust Walden Corp owned 0.51% of Nordson worth $60,726,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Procyon Advisors LLC increased its position in Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company's stock worth $367,000 after buying an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company's stock worth $1,052,000 after purchasing an additional 39 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company's stock valued at $752,000 after purchasing an additional 42 shares during the period. Covestor Ltd boosted its holdings in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 43 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Nordson by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company's stock worth $380,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDSN. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $279.25.

Nordson Price Performance

Shares of NDSN stock traded down $0.25 during trading hours on Thursday, hitting $215.30. The company had a trading volume of 271,101 shares, compared to its average volume of 352,838. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.66 and a beta of 0.95. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The firm's fifty day moving average is $221.33 and its 200 day moving average is $240.81.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to analysts' expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Nordson's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 EPS. On average, sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson's payout ratio is presently 38.47%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 317 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,928 shares of company stock valued at $433,080 over the last 90 days. 0.80% of the stock is owned by company insiders.

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.