Boston Financial Mangement LLC Sells 595 Shares of Nordson Co. (NASDAQ:NDSN)

Boston Financial Mangement LLC cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,428 shares of the industrial products company’s stock after selling 595 shares during the period. Boston Financial Mangement LLC owned about 0.10% of Nordson worth $11,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares in the last quarter. UMB Bank n.a. increased its position in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Brooklyn Investment Group raised its holdings in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares in the last quarter. Covestor Ltd lifted its position in shares of 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. boosted its stake in shares of Nordson by 84.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 166 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Nordson Trading Down 0.8 %

Shares of NASDAQ:NDSN opened at $217.73 on Thursday. 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 firm has a market capitalization of $12.43 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.66 and a beta of 0.95. The business’s 50-day moving average is $214.28 and its 200 day moving average is $239.12. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 17.37% and a return on equity of 19.87%. On average, research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.43%. Nordson’s payout ratio is currently 38.47%.

Analyst Upgrades and Downgrades

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

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.