FDx Advisors Inc. decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,562 shares of the industrial products company’s stock after selling 514 shares during the quarter. FDx Advisors Inc.’s holdings in Nordson were worth $229,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 963 shares during the last quarter. IPG Investment Advisors LLC bought a new position in Nordson during the 4th quarter worth approximately $220,000. Capital Asset Advisory Services LLC bought a new position in Nordson during the 4th quarter worth approximately $234,000. Quantbot Technologies LP boosted its stake in Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,507 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new position in Nordson during the 4th quarter worth approximately $249,000. 66.70% of the stock is currently owned by institutional investors and hedge funds.
NDSN has been the topic of several recent analyst reports. SunTrust Banks lifted their price objective on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. BidaskClub lowered shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley set a $175.00 price target on shares of Nordson and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $165.00 price target (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $152.40.
In related news, VP Shelly Peet sold 15,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $148.90, for a total transaction of $2,233,500.00. Following the transaction, the vice president now directly owns 29,170 shares in the company, valued at $4,343,413. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael F. Hilton sold 55,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the transaction, the chief executive officer now owns 241,274 shares in the company, valued at $33,339,241.32. The disclosure for this sale can be found here. Insiders sold 189,597 shares of company stock worth $27,078,980 over the last quarter. 2.01% of the stock is owned by corporate insiders.
Nordson Co. (NASDAQ NDSN) traded down $0.88 during midday trading on Wednesday, hitting $139.22. 163,824 shares of the stock were exchanged, compared to its average volume of 254,684. The company has a quick ratio of 1.07, a current ratio of 1.52 and a debt-to-equity ratio of 0.97. Nordson Co. has a 12 month low of $107.16 and a 12 month high of $151.84. The firm has a market capitalization of $8,098.20, a P/E ratio of 23.35, a PEG ratio of 1.65 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The company had revenue of $550.42 million for the quarter, compared to the consensus estimate of $538.21 million. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. sell-side analysts predict that Nordson Co. will post 6.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.86%. Nordson’s dividend payout ratio (DPR) is presently 20.00%.
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Nordson Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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