Orion Portfolio Solutions LLC Lowers Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Orion Portfolio Solutions LLC lessened its holdings in Nordson Co. (NASDAQ:NDSN) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,480 shares of the industrial products company’s stock after selling 1,486 shares during the period. Orion Portfolio Solutions LLC’s holdings in Nordson were worth $2,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NDSN. New York Life Investment Management LLC grew its position in shares of Nordson by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after purchasing an additional 49 shares in the last quarter. UMB Bank n.a. grew its holdings in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its position in shares of Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock valued at $692,000 after buying an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nordson by 1.4% in the fourth 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 in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 66 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $200.95 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.65 and a beta of 0.92. The firm’s 50-day moving average is $212.35 and its 200 day moving average is $231.43.

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

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Insider Transactions at Nordson

In other Nordson news, 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 completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NDSN. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research note on Monday, February 24th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their target price for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, KeyCorp raised shares of 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. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.20.

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.