Nordson Co. (NASDAQ:NDSN) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,277 shares of the industrial products company’s stock after selling 365 shares during the period. Keybank National Association OH’s holdings in Nordson were worth $3,406,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NDSN. Nomura Asset Management Co. Ltd. grew its holdings in Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after acquiring an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Holocene Advisors LP grew its holdings in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after acquiring an additional 5,046 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Nordson Stock Up 1.9 %

NASDAQ NDSN opened at $210.44 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The company’s 50 day simple moving average is $213.27 and its 200 day simple moving average is $237.61. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a market capitalization of $11.98 billion, a P/E ratio of 26.77, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last released its earnings results 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 return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Equities research analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.48%. Nordson’s payout ratio is currently 39.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a research note on Tuesday. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average target price of $256.20.

About Nordson

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.