Robeco Institutional Asset Management B.V. Sells 3,403 Shares of Nordson Co. (NASDAQ:NDSN)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 67.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,648 shares of the industrial products company's stock after selling 3,403 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Nordson were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Bessemer Group Inc. increased its position in shares of Nordson by 5,590.7% during the first quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company's stock worth $1,343,000 after buying an additional 4,808 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Nordson by 61.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company's stock valued at $7,224,000 after purchasing an additional 11,875 shares during the period. Cetera Investment Advisers lifted its stake in shares of Nordson by 422.3% in the 1st quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company's stock valued at $3,947,000 after purchasing an additional 11,625 shares during the period. Mizuho Markets Americas LLC boosted its position in shares of Nordson by 85.3% during the 1st quarter. Mizuho Markets Americas LLC now owns 39,698 shares of the industrial products company's stock valued at $10,899,000 after purchasing an additional 18,277 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Nordson by 300.8% during the second quarter. Harbor Capital Advisors Inc. now owns 3,026 shares of the industrial products company's stock worth $702,000 after purchasing an additional 2,271 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares of the company's stock, valued at approximately $2,164,576.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company's stock.

Nordson Stock Down 0.1 %

Shares of NASDAQ NDSN traded down $0.23 during midday trading on Monday, hitting $261.21. 123,894 shares of the stock traded hands, compared to its average volume of 232,431. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The business has a 50 day moving average price of $253.84 and a two-hundred day moving average price of $246.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market cap of $14.94 billion, a PE ratio of 31.84, a P/E/G ratio of 1.94 and a beta of 0.90.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. During the same period last year, the firm earned $2.35 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This is an increase from Nordson's previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.19%. Nordson's dividend payout ratio is 38.00%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price target on Nordson from $272.00 to $287.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $299.00.

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.