Nordson Co. (NASDAQ:NDSN) Holdings Trimmed by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,850 shares of the industrial products company’s stock after selling 1,119 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Nordson were worth $7,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning lifted its stake in Nordson by 11.9% in the 2nd quarter. Creative Planning now owns 3,575 shares of the industrial products company’s stock worth $829,000 after acquiring an additional 380 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Nordson by 23.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 69 shares during the period. Cetera Investment Advisers increased its stake in Nordson by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 14,736 shares of the industrial products company’s stock valued at $3,418,000 after buying an additional 358 shares during the period. Czech National Bank lifted its position in Nordson by 7.0% in the 3rd quarter. Czech National Bank now owns 11,082 shares of the industrial products company’s stock worth $2,910,000 after buying an additional 729 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nordson by 47.5% in the third quarter. GAMMA Investing LLC now owns 950 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NDSN. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Loop Capital raised shares of 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 research note on Wednesday, January 22nd. DA Davidson cut their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Price Performance

NASDAQ NDSN opened at $214.39 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a 50-day simple moving average of $220.40 and a 200 day simple moving average of $240.63. The stock has a market capitalization of $12.24 billion, a PE ratio of 26.44, a P/E/G ratio of 1.62 and a beta of 0.95. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $2.46 EPS. Research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is 38.47%.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s 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 sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,928 shares of company stock valued at $433,080. Company insiders own 0.80% of the company’s stock.

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.