CHB Investment Group LLC Sells 50 Shares of Nordson Co. (NASDAQ:NDSN)

CHB Investment Group LLC cut its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 11,421 shares of the industrial products company’s stock after selling 50 shares during the period. CHB Investment Group LLC’s holdings in Nordson were worth $2,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NDSN. Clark & Stuart Inc bought a new position in Nordson in the fourth quarter valued at about $4,137,000. Czech National Bank raised its holdings in Nordson by 6.3% in the 4th quarter. Czech National Bank now owns 11,779 shares of the industrial products company’s stock valued at $2,465,000 after buying an additional 697 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock worth $884,000 after buying an additional 58 shares during the period. Diversified Trust Co grew its holdings in Nordson by 11.9% during the 4th quarter. Diversified Trust Co now owns 4,430 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 472 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Nordson by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company’s stock valued at $1,536,000 after acquiring an additional 1,053 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 1.9 %

Shares of Nordson stock opened at $203.83 on Tuesday. The stock has a fifty day moving average price of $236.00 and a 200-day moving average price of $242.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The firm has a market cap of $11.62 billion, a PE ratio of 25.13, a P/E/G ratio of 1.70 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.46 earnings per share. Equities research analysts anticipate that Nordson Co. will post 10.34 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock worth $433,080 in the last quarter. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on NDSN shares. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $279.00.

Nordson 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.