Cwm LLC Cuts Holdings in Nordson Co. (NASDAQ:NDSN)

Cwm LLC trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,238 shares of the industrial products company’s stock after selling 634 shares during the period. Cwm LLC’s holdings in Nordson were worth $1,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam grew 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 during the period. FNY Investment Advisers LLC acquired a new stake in shares of Nordson in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in shares of Nordson in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Nordson in the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

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

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $260.40 on Friday. Nordson Co. has a one year low of $208.90 and a one year high of $278.00. The stock has a market cap of $14.89 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The business’s fifty day moving average price is $266.44 and its two-hundred day moving average price is $250.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same quarter in the prior year, the company posted $1.95 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

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

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.