TD Private Client Wealth LLC Decreases Holdings in Nordson Co. (NASDAQ:NDSN)

TD Private Client Wealth LLC decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,168 shares of the industrial products company’s stock after selling 100 shares during the quarter. TD Private Client Wealth LLC’s holdings in Nordson were worth $2,128,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 115 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Nordson during the 4th quarter worth approximately $98,000. Finally, Quarry LP acquired a new position in shares of Nordson during the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NDSN. KeyCorp upgraded Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Tuesday, March 4th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Stock Performance

NASDAQ:NDSN opened at $203.86 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a 50-day moving average of $213.54 and a two-hundred day moving average of $233.70. The stock has a market cap of $11.60 billion, a P/E ratio of 25.94, a PEG ratio of 1.65 and a beta of 0.92. 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 for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, research analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. 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 1.53%. Nordson’s payout ratio is currently 39.69%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently 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.