Fiera Capital Corp Reduces Position in Nordson Co. (NASDAQ:NDSN)

Fiera Capital Corp lessened its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,281 shares of the industrial products company's stock after selling 4,744 shares during the period. Fiera Capital Corp owned approximately 0.34% of Nordson worth $40,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock worth $42,000 after acquiring an additional 91 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Nordson during the 3rd quarter worth about $53,000. UMB Bank n.a. lifted its stake in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares in the last quarter. Covestor Ltd lifted its stake in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after acquiring an additional 43 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Performance

Shares of NASDAQ NDSN traded down $0.86 during trading hours on Monday, reaching $216.42. The stock had a trading volume of 299,621 shares, compared to its average volume of 351,441. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.62 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The firm has a 50-day moving average of $215.59 and a 200-day moving average of $239.43.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analysts' expectations of $736.83 million. During the same period last year, the firm earned $2.46 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. Nordson's payout ratio is 38.47%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $279.25.

Insiders Place Their Bets

In other 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 value 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. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 1,703 shares of company stock valued at $374,069. 0.80% of the stock is owned by company insiders.

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.