Janney Montgomery Scott LLC cut its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 127,698 shares of the industrial products company's stock after selling 3,881 shares during the period. Janney Montgomery Scott LLC owned about 0.22% of Nordson worth $26,720,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in NDSN. State Street Corp grew its stake in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after purchasing an additional 177,282 shares in the last quarter. Geode Capital Management LLC lifted its stake in Nordson by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company's stock valued at $377,919,000 after purchasing an additional 14,780 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Nordson by 10.5% during the third 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. Dimensional Fund Advisors LP grew its position in Nordson by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company's stock worth $78,623,000 after buying an additional 47,865 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Nordson by 5.7% in the third quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company's stock valued at $86,727,000 after buying an additional 17,732 shares in the last quarter. 72.11% of the stock is owned by institutional investors.
Nordson Trading Down 0.6 %
Shares of NASDAQ NDSN traded down $1.42 during mid-day trading on Friday, hitting $218.07. The company's stock had a trading volume of 302,336 shares, compared to its average volume of 335,990. The company's fifty day simple moving average is $228.28 and its 200-day simple moving average is $241.91. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.46 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.
Nordson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.43%. Nordson's payout ratio is currently 38.47%.
Insiders Place Their Bets
In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company's stock in a transaction dated Monday, November 11th. The shares were 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 represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Lovass sold 1,299 shares of the 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 in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock valued at $433,080 in the last three months. 0.86% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NDSN. Baird R W downgraded shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Robert W. Baird reissued 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. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their target price for the stock from $255.00 to $280.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nordson has an average rating of "Moderate Buy" and a consensus target price of $279.25.
Get Our Latest Stock Analysis on NDSN
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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