Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 814 Shares of Nordson Co. (NASDAQ:NDSN)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,792 shares of the industrial products company’s stock after selling 814 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Nordson were worth $1,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares in the last quarter. Geode Capital Management LLC boosted its position in Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after acquiring an additional 14,780 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after acquiring an additional 48,720 shares during the period. Bank of New York Mellon Corp raised its position in shares of Nordson by 6.0% in the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock worth $106,762,000 after acquiring an additional 28,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Nordson by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,710 shares of the industrial products company’s stock worth $96,190,000 after purchasing an additional 7,355 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of Nordson stock opened at $204.75 on Thursday. The company has a 50 day moving average price of $213.20 and a 200 day moving average price of $236.09. The firm has a market capitalization of $11.65 billion, a P/E ratio of 26.05, a PEG ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.52%. Nordson’s dividend payout ratio is currently 39.69%.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NDSN shares. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and lifted their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a 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. According to data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average price target of $256.20.

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.