GPM Growth Investors Inc. Sells 1,615 Shares of Nordson Co. (NASDAQ:NDSN)

GPM Growth Investors Inc. trimmed its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,710 shares of the industrial products company's stock after selling 1,615 shares during the period. GPM Growth Investors Inc.'s holdings in Nordson were worth $2,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of Nordson by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock worth $45,533,000 after purchasing an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after buying an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Holocene Advisors LP raised its position in shares of Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock valued at $7,661,000 after buying an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company's stock worth $4,117,000 after acquiring an additional 5,046 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

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Nordson Trading Down 1.4 %

Nordson stock traded down $2.91 during trading hours on Monday, reaching $212.40. The company had a trading volume of 387,635 shares, compared to its average volume of 355,307. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a 50-day moving average price of $213.28 and a 200 day moving average price of $236.98. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.65 and a beta of 0.92.

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

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.47%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a research note on Monday, February 24th. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and boosted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. KeyCorp upgraded shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price target on the stock in a research report on Tuesday, March 4th. Finally, Robert W. Baird reissued a "neutral" rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.20.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company's stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company's stock.

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.