Uncommon Cents Investing LLC Decreases Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Uncommon Cents Investing LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 10,463 shares of the industrial products company’s stock after selling 85 shares during the period. Uncommon Cents Investing LLC’s holdings in Nordson were worth $2,189,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after purchasing an additional 14,780 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares during the period. Dimensional Fund Advisors LP lifted its position in Nordson by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after purchasing an additional 47,865 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Nordson by 5.7% during the third quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock valued at $86,727,000 after purchasing an additional 17,732 shares during the period. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report 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, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was 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 owns 7,347 shares in the company, valued at $1,519,286.13. This represents 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 at the SEC website. 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 value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 over the last three months. 0.86% of the stock is owned by company insiders.

Nordson Stock Up 1.2 %

Shares of NASDAQ:NDSN opened at $216.38 on Monday. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The firm has a market capitalization of $12.34 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The business has a 50 day simple moving average of $232.19 and a two-hundred day simple moving average of $242.41.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. On average, equities analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson’s payout ratio is currently 38.47%.

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.