Nordson Co. (NASDAQ:NDSN) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,433 shares of the industrial products company's stock after selling 1,739 shares during the quarter. Corient Private Wealth LLC's holdings in Nordson were worth $1,137,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Pathstone Holdings LLC grew its position in shares of Nordson by 2.8% during the 3rd quarter. Pathstone Holdings LLC now owns 7,384 shares of the industrial products company's stock valued at $1,939,000 after acquiring an additional 203 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Nordson during the 3rd quarter valued at approximately $1,424,000. Advisors Asset Management Inc. grew its holdings in shares of Nordson by 17.7% in the third quarter. Advisors Asset Management Inc. now owns 2,556 shares of the industrial products company's stock valued at $671,000 after purchasing an additional 385 shares in the last quarter. Citigroup Inc. grew its stake in shares of Nordson by 2.0% in the 3rd quarter. Citigroup Inc. now owns 63,254 shares of the industrial products company's stock worth $16,612,000 after buying an additional 1,264 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Nordson by 16.0% during the third quarter. Cerity Partners LLC now owns 14,499 shares of the industrial products company's stock worth $3,808,000 after acquiring an additional 1,998 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

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Nordson Trading Down 2.9 %

Shares of NDSN traded down $6.09 during midday trading on Friday, reaching $200.46. The company had a trading volume of 300,382 shares, compared to its average volume of 280,954. The stock has a market cap of $11.41 billion, a PE ratio of 25.50, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $213.03 and a 200-day simple moving average of $232.12. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results 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 firm had revenue of $615.42 million for 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%. Research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.56%. Nordson's dividend payout ratio (DPR) is 39.69%.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company's stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research note on Monday, February 24th. KeyCorp upgraded Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a report on Tuesday, March 4th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and raised their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, Robert W. Baird restated a "neutral" rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four equities research 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.20.

Nordson Company 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.