Atria Investments Inc Sells 3,129 Shares of Nordson Co. (NASDAQ:NDSN)

Atria Investments Inc cut its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,677 shares of the industrial products company's stock after selling 3,129 shares during the period. Atria Investments Inc's holdings in Nordson were worth $2,653,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in 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 during the period. Natixis Advisors LLC raised its stake in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock worth $41,386,000 after buying an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after buying an additional 61,430 shares during the period. JPMorgan Chase & Co. boosted its stake in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after buying an additional 48,720 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Nordson by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company's stock worth $106,762,000 after acquiring an additional 28,967 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

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Nordson Trading Down 0.6 %

Shares of NDSN stock traded down $1.29 during trading hours on Wednesday, reaching $204.73. 252,886 shares of the stock traded hands, compared to its average volume of 351,633. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.65 billion, a PE ratio of 26.05, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The business has a fifty day moving average price of $213.29 and a 200 day moving average price of $236.31.

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

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio (DPR) is 39.69%.

Insiders Place Their Bets

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 shares were 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 of the company's stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of research analyst reports. Baird R W downgraded shares of Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a report on Monday, February 24th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $256.20.

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.