Eagle Bay Advisors LLC Sells 239 Shares of Nordson Co. (NASDAQ:NDSN)

Eagle Bay Advisors LLC lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 30.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 542 shares of the industrial products company’s stock after selling 239 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Nordson were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NDSN. Procyon Advisors LLC increased its holdings in Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in Nordson by 1.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after buying an additional 42 shares during the period. Covestor Ltd lifted its holdings in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NDSN opened at $203.83 on Tuesday. The firm has a market capitalization of $11.62 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The business’s 50-day moving average is $236.00 and its two-hundred day moving average is $242.88. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52.

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

Nordson Announces Dividend

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

Insider Activity at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock valued at $433,080 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, 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 report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

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.