UBS Asset Management Americas Inc. lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,928 shares of the industrial products company’s stock after selling 1,739 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Nordson worth $11,262,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its position in shares of Nordson by 972.7% in the fourth quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock worth $155,000 after buying an additional 963 shares during the period. Quantbot Technologies LP boosted its position in Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,507 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in Nordson during the fourth quarter valued at $220,000. Capital Asset Advisory Services LLC acquired a new stake in Nordson during the fourth quarter valued at $234,000. Finally, Raymond James Trust N.A. acquired a new stake in Nordson during the fourth quarter valued at $249,000. 66.70% of the stock is currently owned by institutional investors.
In other Nordson news, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael F. Hilton sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the completion of the sale, the chief executive officer now directly owns 241,274 shares in the company, valued at approximately $33,339,241.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,597 shares of company stock valued at $27,078,980. 2.01% of the stock is currently owned by insiders.
Shares of Nordson Co. (NDSN) traded down $0.88 during trading on Wednesday, reaching $139.22. 163,824 shares of the company’s stock were exchanged, compared to its average volume of 254,684. The firm has a market capitalization of $8,098.20, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.52 and a quick ratio of 1.07. Nordson Co. has a 1 year low of $107.16 and a 1 year high of $151.84.
Nordson (NASDAQ:NDSN) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The business had revenue of $550.42 million during the quarter, compared to the consensus estimate of $538.21 million. During the same quarter last year, the firm earned $0.86 earnings per share. Nordson’s quarterly revenue was up 35.1% on a year-over-year basis. research analysts expect that Nordson Co. will post 6.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, February 16th. Nordson’s dividend payout ratio (DPR) is currently 20.00%.
NDSN has been the topic of several recent research reports. KeyCorp restated a “buy” rating and set a $145.00 target price on shares of Nordson in a report on Sunday, November 19th. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Oppenheimer restated a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Finally, B. Riley reiterated a “buy” rating and issued a $160.00 target price on shares of Nordson in a research note on Wednesday, December 13th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $152.40.
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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