Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 814 Shares of Nordson Co. (NASDAQ:NDSN)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,792 shares of the industrial products company’s stock after selling 814 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Nordson were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in Nordson by 18.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,210 shares of the industrial products company’s stock valued at $1,299,000 after acquiring an additional 983 shares during the last quarter. Tortoise Investment Management LLC grew its position 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 purchasing an additional 115 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Nordson by 25.9% in the fourth quarter. Independent Advisor Alliance now owns 2,899 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 596 shares during the last quarter. Isthmus Partners LLC lifted its position in shares of Nordson by 6.1% in the fourth quarter. Isthmus Partners LLC now owns 1,380 shares of the industrial products company’s stock worth $289,000 after buying an additional 79 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nordson by 3.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,051 shares of the industrial products company’s stock valued at $5,451,000 after buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NDSN shares. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research note on Tuesday, March 4th. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Nordson Stock Down 0.6 %

NASDAQ NDSN opened at $204.75 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.65 and a beta of 0.92. The company has a fifty day moving average of $213.20 and a two-hundred day moving average of $236.09.

Nordson (NASDAQ:NDSN) last released its quarterly 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 firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. On average, analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.52%. Nordson’s payout ratio is 39.69%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’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 transaction, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

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.