Yousif Capital Management LLC Sells 2,585 Shares of Nordson Co. (NASDAQ:NDSN)

Yousif Capital Management LLC trimmed its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,930 shares of the industrial products company's stock after selling 2,585 shares during the period. Yousif Capital Management LLC owned 0.06% of Nordson worth $6,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after acquiring an additional 177,282 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock worth $41,386,000 after acquiring an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 acquiring an additional 48,720 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,703 shares of company stock worth $374,069. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NDSN. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $279.25.

Nordson Stock Up 1.0 %

NDSN traded up $2.22 on Monday, hitting $216.61. The company had a trading volume of 96,431 shares, compared to its average volume of 337,900. 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 Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The stock has a fifty day simple moving average of $220.40 and a 200-day simple moving average of $240.67. The firm has a market capitalization of $12.37 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.62 and a beta of 0.95.

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

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson's payout ratio is 38.47%.

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.