ORG Wealth Partners LLC Sells 342 Shares of Nordson Co. (NASDAQ:NDSN)

ORG Wealth Partners LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 41.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 479 shares of the industrial products company’s stock after selling 342 shares during the quarter. ORG Wealth Partners LLC’s holdings in Nordson were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in Nordson in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its stake in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Nordson in the 3rd quarter worth approximately $53,000. Covestor Ltd increased its stake in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 43 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Nordson by 84.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 166 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NDSN opened at $200.12 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The stock has a market capitalization of $11.41 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The stock’s 50 day moving average price is $237.86 and its 200-day moving average price is $243.10.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. On average, equities research analysts predict that Nordson Co. will post 10.34 EPS for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.56%. Nordson’s payout ratio is 38.47%.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at $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 have sold a total of 1,928 shares of company stock valued at $433,080 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on NDSN shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

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.