Nordson Co. (NASDAQ:NDSN) Shares Sold by Condor Capital Management

Condor Capital Management trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,572 shares of the industrial products company’s stock after selling 94 shares during the period. Condor Capital Management’s holdings in Nordson were worth $1,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Raymond James Financial Inc. acquired a new position in Nordson during the fourth quarter valued at approximately $74,005,000. State Street Corp lifted its position in 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 buying an additional 177,282 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after buying an additional 48,720 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in Nordson by 22.5% during the fourth quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock valued at $40,399,000 after buying an additional 35,494 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Up 0.0 %

Shares of NASDAQ:NDSN opened at $208.57 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $213.40 and a 200 day simple moving average of $234.38. The firm has a market cap of $11.87 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last issued 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.50%. Nordson’s payout ratio is 39.69%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and set a $237.00 target price (down 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.20.

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.