Nordson Co. (NASDAQ:NDSN) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its stake in shares of Nordson Co. (NASDAQ:NDSN) by 74.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,118 shares of the industrial products company’s stock after selling 3,269 shares during the quarter. Jump Financial LLC’s holdings in Nordson were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NDSN. Norges Bank acquired a new position in shares of Nordson during the fourth quarter worth about $142,670,000. Raymond James Financial Inc. acquired a new position in Nordson in the fourth quarter valued at approximately $74,005,000. FMR LLC boosted its holdings in Nordson by 19.2% in the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock valued at $145,135,000 after purchasing an additional 111,538 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock valued at $1,302,887,000 after purchasing an additional 93,146 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Nordson by 23.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 397,924 shares of the industrial products company’s stock valued at $83,262,000 after purchasing an additional 76,182 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NDSN. Loop Capital raised 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. BNP Paribas downgraded 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, KeyCorp lowered their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $250.20.

Nordson Trading Down 0.6 %

NASDAQ NDSN opened at $188.22 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm has a market cap of $10.71 billion, a PE ratio of 23.95, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The firm’s fifty day moving average is $198.13 and its two-hundred day moving average is $221.24.

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). The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s payout ratio is 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.