Nordson Co. (NASDAQ:NDSN) Stock Holdings Lowered by Condor Capital Management

Condor Capital Management lowered its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.2% in the 4th quarter, Holdings Channel reports. The fund owned 7,572 shares of the industrial products company’s stock after selling 94 shares during the period. Condor Capital Management’s holdings in Nordson were worth $1,585,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. New York Life Investment Management LLC grew its position in shares of Nordson by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after acquiring an additional 49 shares during the last quarter. UMB Bank n.a. lifted its holdings in Nordson by 26.1% in 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 period. Klein Pavlis & Peasley Financial Inc. lifted its holdings in Nordson by 1.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Nordson by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 58 shares during the period. Finally, CFS Investment Advisory Services LLC lifted its holdings in Nordson by 4.9% in the third quarter. CFS Investment Advisory Services LLC now owns 1,327 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 62 shares during the period. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

NDSN has been the subject of several research analyst reports. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson reduced their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.20.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.

Nordson Price Performance

NDSN stock opened at $208.57 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The firm has a market capitalization of $11.87 billion, a PE ratio of 26.54, a P/E/G ratio of 1.65 and a beta of 0.92. The firm has a 50-day moving average of $213.40 and a two-hundred day moving average of $234.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data 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 firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. On average, analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, March 20th. Nordson’s dividend payout ratio is presently 39.69%.

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.