Nordson (NASDAQ:NDSN) Sets New 52-Week Low – Time to Sell?

Nordson Co. (NASDAQ:NDSN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $189.80 and last traded at $190.50, with a volume of 143016 shares changing hands. The stock had previously closed at $203.35.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of recent research reports. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. Finally, BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Trading Down 5.2 %

The company has a market capitalization of $10.06 billion, a PE ratio of 22.48, a P/E/G ratio of 1.65 and a beta of 0.96. 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 business has a fifty day moving average price of $210.54 and a 200 day moving average price of $230.39.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.77%. Nordson’s dividend payout ratio (DPR) is 39.69%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the 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 completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Nordson

Large investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. lifted its holdings in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after buying an additional 52 shares in the last quarter. Tortoise Investment Management LLC grew its stake in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson during the fourth quarter worth about $62,000. Finally, Brooklyn Investment Group lifted its stake in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

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.