Nordson Co. (NASDAQ:NDSN) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its holdings in Nordson Co. (NASDAQ:NDSN) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,850 shares of the industrial products company’s stock after selling 1,119 shares during the period. Wilmington Savings Fund Society FSB owned about 0.06% of Nordson worth $7,501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vest Financial LLC grew its stake in shares of Nordson by 10.1% in the fourth quarter. Vest Financial LLC now owns 228,038 shares of the industrial products company’s stock valued at $47,715,000 after buying an additional 20,929 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Nordson during the fourth quarter worth $179,000. Global X Japan Co. Ltd. grew its holdings in Nordson by 16.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 2,090 shares of the industrial products company’s stock valued at $437,000 after purchasing an additional 302 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Nordson by 2.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,490 shares of the industrial products company’s stock worth $1,358,000 after buying an additional 150 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Nordson by 4.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company’s stock valued at $25,866,000 after buying an additional 4,963 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Trading Down 0.4 %

NASDAQ:NDSN opened at $214.39 on Friday. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The business has a 50 day simple moving average of $220.40 and a 200 day simple moving average of $240.63. The firm has a market capitalization of $12.24 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.62 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. Equities research analysts predict that Nordson Co. will post 10.2 EPS for the current 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 paid a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. Nordson’s payout ratio is 38.47%.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 in the company, valued at $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 available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock valued at $433,080 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Nordson 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.