Nordson Co. (NASDAQ:NDSN) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,826 shares of the industrial products company's stock after selling 1,609 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Nordson were worth $3,939,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NDSN. UMB Bank n.a. increased its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Covestor Ltd increased its stake in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after buying an additional 43 shares during the period. Brooklyn Investment Group raised its stake in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 278 shares in the last quarter. Quarry LP acquired a new stake in Nordson in the 3rd quarter valued at about $109,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Nordson in the third quarter worth approximately $203,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a 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. Finally, Robert W. Baird reissued a "neutral" rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.20.

Nordson Trading Down 1.4 %

NDSN stock traded down $2.91 during midday trading on Monday, reaching $212.40. 387,635 shares of the company's stock traded hands, compared to its average volume of 355,307. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The business has a 50-day moving average price of $213.28 and a two-hundred day moving average price of $236.98. The company has a market capitalization of $12.09 billion, a P/E ratio of 27.02, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. Equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.

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.