Nordson Co. (NASDAQ:NDSN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 62.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,377 shares of the industrial products company's stock after selling 5,653 shares during the period. SG Americas Securities LLC's holdings in Nordson were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NDSN. Procyon Advisors LLC grew its holdings in shares of Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company's stock worth $367,000 after buying an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company's stock valued at $1,052,000 after purchasing an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company's stock valued at $752,000 after purchasing an additional 42 shares during the period. Covestor Ltd raised its stake in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after purchasing an additional 43 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company's stock worth $380,000 after purchasing an additional 49 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Nordson Price Performance

Shares of NDSN traded up $2.66 during mid-day trading on Thursday, reaching $220.63. 213,908 shares of the company's stock were exchanged, compared to its average volume of 365,985. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.65 and a beta of 0.95. The company has a 50-day simple moving average of $226.41 and a two-hundred day simple moving average of $241.75.

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

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.41%. Nordson's payout ratio is currently 38.47%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction that occurred on 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. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,928 shares of company stock worth $433,080. 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.