Norris Perne & French LLP MI Decreases Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Norris Perne & French LLP MI reduced its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,004 shares of the industrial products company’s stock after selling 699 shares during the quarter. Norris Perne & French LLP MI’s holdings in Nordson were worth $12,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NDSN. Public Sector Pension Investment Board grew its position in Nordson by 66.1% during the second quarter. Public Sector Pension Investment Board now owns 2,038 shares of the industrial products company’s stock valued at $473,000 after buying an additional 811 shares during the period. Marshall Wace LLP purchased a new stake in shares of Nordson during the 2nd quarter worth approximately $613,000. The Manufacturers Life Insurance Company lifted its stake in Nordson by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 36,099 shares of the industrial products company’s stock valued at $8,373,000 after purchasing an additional 473 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Nordson by 120.4% during the second quarter. Mackenzie Financial Corp now owns 4,687 shares of the industrial products company’s stock valued at $1,087,000 after purchasing an additional 2,560 shares during the period. Finally, Creative Planning increased its position in Nordson by 11.9% in the second quarter. Creative Planning now owns 3,575 shares of the industrial products company’s stock worth $829,000 after buying an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NDSN. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four equities research 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 company. Based on data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and an average target price of $279.25.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction dated 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 directly owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,928 shares of company stock valued at $433,080. 0.80% of the stock is owned by corporate insiders.

Nordson Trading Up 1.2 %

Shares of Nordson stock opened at $220.63 on Friday. The company’s 50-day moving average price is $225.68 and its 200-day moving average price is $241.61. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.64 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same period in the previous year, the business earned $2.46 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.41%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

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.