Nordson Co. (NASDAQ:NDSN) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,281 shares of the industrial products company’s stock after selling 4,744 shares during the quarter. Fiera Capital Corp owned 0.34% of Nordson worth $40,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Procyon Advisors LLC raised its stake in Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after buying an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Nordson by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after purchasing an additional 42 shares during the last quarter. Covestor Ltd boosted its holdings in Nordson by 18.8% in the third 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, QRG Capital Management Inc. increased its stake in Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 49 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Up 1.4 %

Shares of Nordson stock opened at $217.28 on Friday. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The company has a market capitalization of $12.40 billion, a P/E ratio of 26.79, a PEG ratio of 1.62 and a beta of 0.95. The business’s fifty day moving average price is $217.12 and its two-hundred day moving average price is $239.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the prior year, the firm posted $2.46 EPS. Nordson’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Analyst Ratings Changes

NDSN has been the subject of several research reports. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and increased their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $279.25.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 1,703 shares of company stock valued at $374,069. 0.80% of the stock is owned by corporate insiders.

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.