Winslow Asset Management Inc. Sells 1,632 Shares of Nordson Co. (NASDAQ:NDSN)

Winslow Asset Management Inc. cut its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,821 shares of the industrial products company's stock after selling 1,632 shares during the period. Nordson accounts for approximately 2.5% of Winslow Asset Management Inc.'s portfolio, making the stock its 12th largest holding. Winslow Asset Management Inc. owned approximately 0.10% of Nordson worth $12,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. Brooklyn Investment Group lifted its position in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 278 shares during the last quarter. Covestor Ltd grew its stake in Nordson by 18.8% in 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 in the last quarter. Quarry LP bought a new position in shares of Nordson in the 3rd quarter worth $109,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Nordson during the 4th quarter valued at $179,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

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Nordson Trading Up 0.5 %

Shares of NASDAQ:NDSN traded up $1.10 during midday trading on Thursday, hitting $211.54. 315,162 shares of the stock traded hands, compared to its average volume of 353,545. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $213.23 and its two-hundred day moving average is $237.42. The stock has a market capitalization of $12.04 billion, a PE ratio of 26.91, a P/E/G ratio of 1.65 and a beta of 0.92. Nordson Co. has a one year low of $196.83 and a one year high of $279.38.

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

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.47%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NDSN shares. Baird R W lowered 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 objective on 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 raised their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird restated a "neutral" rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $256.20.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

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.