Vontobel Holding Ltd. Sells 99 Shares of Nordson Co. (NASDAQ:NDSN)

Vontobel Holding Ltd. decreased its position in Nordson Co. (NASDAQ:NDSN) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,771 shares of the industrial products company’s stock after selling 99 shares during the quarter. Vontobel Holding Ltd.’s holdings in Nordson were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its stake in Nordson by 208.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Tobam boosted its holdings in shares of Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Nordson during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in Nordson during the 4th quarter worth approximately $27,000. Finally, Fortitude Family Office LLC acquired a new stake in Nordson during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $260.52 on Tuesday. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 1.96 and a beta of 1.00. Nordson Co. has a 12-month low of $208.90 and a 12-month high of $278.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $266.67 and its 200 day simple moving average is $249.53.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 EPS. As a group, research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 16th. Nordson’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NDSN. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Wells Fargo & Company upped their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, DA Davidson upped their target price on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

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.