JPMorgan Chase & Co. Trims Position in Nordson Co. (NASDAQ:NDSN)

JPMorgan Chase & Co. decreased its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,904 shares of the industrial products company's stock after selling 57,653 shares during the quarter. JPMorgan Chase & Co. owned 0.80% of Nordson worth $95,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after buying an additional 52 shares in the last quarter. Tortoise Investment Management LLC grew its position in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 115 shares in the last quarter. Brooklyn Investment Group grew its position in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 278 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in Nordson during the fourth quarter worth about $98,000. Finally, Quarry LP acquired a new stake in shares of Nordson during the third quarter worth about $109,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Down 5.2 %

NASDAQ:NDSN traded down $9.66 during trading hours on Friday, hitting $176.73. The company's stock had a trading volume of 707,519 shares, compared to its average volume of 284,054. Nordson Co. has a 52-week low of $173.24 and a 52-week high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $10.06 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The stock has a fifty day moving average of $210.54 and a 200-day moving average of $230.39.

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

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is 39.69%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. KeyCorp upgraded Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective on the stock in a research note on Tuesday, March 4th. Loop Capital raised 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 note on Wednesday, January 22nd. Finally, Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research report 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's stock. According to data from MarketBeat, Nordson has a consensus rating of "Moderate Buy" and a consensus price target of $256.20.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

About Nordson

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.