Fiera Capital Corp lowered its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,025 shares of the industrial products company's stock after selling 6,935 shares during the period. Fiera Capital Corp owned about 0.35% of Nordson worth $52,007,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nordson in the 2nd quarter valued at about $27,000. Tortoise Investment Management LLC raised its stake in Nordson by 70.7% in the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company's stock worth $32,000 after buying an additional 58 shares in the last quarter. Blue Trust Inc. lifted its holdings in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock worth $42,000 after buying an additional 91 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Nordson during the 2nd quarter valued at $46,000. Finally, Headlands Technologies LLC purchased a new position in shares of Nordson in the 1st quarter valued at $55,000. 72.11% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird upped their price objective on Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $299.00.
Read Our Latest Stock Report on NDSN
Nordson Stock Up 0.3 %
Shares of Nordson stock traded up $0.87 during trading on Friday, reaching $261.44. The company's stock had a trading volume of 165,302 shares, compared to its average volume of 200,842. The company has a 50-day simple moving average of $253.75 and a two-hundred day simple moving average of $247.06. Nordson Co. has a 1-year low of $220.69 and a 1-year high of $279.38. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.08. The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.35 earnings per share. As a group, equities analysts forecast that Nordson Co. will post 9.55 earnings per share for the current year.
Nordson Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.19%. This is an increase from Nordson's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson's dividend payout ratio is presently 38.00%.
Nordson Profile
(
Free Report)
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.
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