Orion Portfolio Solutions LLC Has $2.61 Million Stake in Nordson Co. (NASDAQ:NDSN)

Orion Portfolio Solutions LLC reduced its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,480 shares of the industrial products company's stock after selling 1,486 shares during the period. Orion Portfolio Solutions LLC's holdings in Nordson were worth $2,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NDSN. Pictet Asset Management Holding SA grew its holdings in shares of Nordson by 24.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 35,447 shares of the industrial products company's stock worth $7,417,000 after purchasing an additional 6,869 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Nordson by 3.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 178,727 shares of the industrial products company's stock worth $37,397,000 after acquiring an additional 5,354 shares during the last quarter. Norges Bank acquired a new stake in Nordson in the 4th quarter valued at about $142,670,000. UniSuper Management Pty Ltd lifted its position in shares of Nordson by 16.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 8,309 shares of the industrial products company's stock worth $1,739,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Nordson by 3.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 108,945 shares of the industrial products company's stock valued at $22,613,000 after purchasing an additional 3,949 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. DA Davidson decreased their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, December 13th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a research note on Monday, February 24th. Robert W. Baird restated a "neutral" rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Nordson presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.20.

Nordson Trading Down 5.2 %

Shares of NASDAQ NDSN traded down $9.66 during midday trading on Friday, reaching $176.73. 707,519 shares of the stock were exchanged, compared to its average volume of 284,054. Nordson Co. has a 12 month low of $173.36 and a 12 month high of $279.38. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The business has a 50-day simple moving average of $210.54 and a two-hundred day simple moving average of $230.39.

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

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.77%. Nordson's dividend payout ratio (DPR) is currently 39.69%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.80% of the company's stock.

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.