Royal London Asset Management Ltd. Sells 14,688 Shares of Nordson Co. (NASDAQ:NDSN)

Royal London Asset Management Ltd. reduced its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,831 shares of the industrial products company's stock after selling 14,688 shares during the quarter. Royal London Asset Management Ltd. owned about 0.84% of Nordson worth $100,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 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. Geode Capital Management LLC lifted its holdings in Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company's stock worth $377,919,000 after purchasing an additional 14,780 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after purchasing an additional 48,720 shares during the period. Bank of New York Mellon Corp grew its holdings in Nordson by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company's stock valued at $106,762,000 after buying an additional 28,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Nordson by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,710 shares of the industrial products company's stock valued at $96,190,000 after buying an additional 7,355 shares during the period. 72.11% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Robert W. Baird reaffirmed a "neutral" rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. Finally, Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $256.20.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were 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 in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Nordson Price Performance

NDSN traded up $3.72 during trading on Monday, reaching $207.58. The stock had a trading volume of 287,574 shares, compared to its average volume of 270,124. The business has a 50-day moving average of $213.54 and a 200-day moving average of $233.58. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The stock has a market cap of $11.81 billion, a PE ratio of 26.41, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share 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%. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. Nordson's dividend payout ratio (DPR) is 39.69%.

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.