Victory Capital Management Inc. Sells 3,514 Shares of Nordson Co. (NASDAQ:NDSN)

Victory Capital Management Inc. cut its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 9.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,360 shares of the industrial products company's stock after selling 3,514 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Nordson worth $6,980,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Nordson by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,710 shares of the industrial products company's stock worth $96,190,000 after buying an additional 7,355 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Nordson by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 1,811 shares of the industrial products company's stock valued at $379,000 after purchasing an additional 69 shares during the last quarter. GW&K Investment Management LLC raised its holdings in shares of Nordson by 0.3% during the fourth quarter. GW&K Investment Management LLC now owns 302,928 shares of the industrial products company's stock valued at $63,385,000 after purchasing an additional 987 shares during the last quarter. Versor Investments LP raised its holdings in shares of Nordson by 10.1% during the fourth quarter. Versor Investments LP now owns 1,500 shares of the industrial products company's stock valued at $314,000 after purchasing an additional 137 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Nordson during the fourth quarter valued at approximately $3,678,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

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Nordson Price Performance

Shares of NDSN traded down $2.15 during mid-day trading on Tuesday, reaching $208.53. The stock had a trading volume of 251,763 shares, compared to its average volume of 267,351. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The business has a fifty day moving average of $213.21 and a 200 day moving average of $234.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN - Get Free Report) last posted 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). The firm had revenue of $615.42 million during 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%. Equities analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced 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. 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 is 39.69%.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 1,299 shares of the company'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 completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NDSN. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a report on Monday, February 24th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and boosted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 target price for the company in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.20.

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.