National Bank of Canada FI Sells 2,367 Shares of Nordson Co. (NASDAQ:NDSN)

National Bank of Canada FI lessened its position in Nordson Co. (NASDAQ:NDSN) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,427 shares of the industrial products company’s stock after selling 2,367 shares during the period. National Bank of Canada FI’s holdings in Nordson were worth $5,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC grew its position in Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 49 shares during the period. UMB Bank n.a. grew its holdings in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in shares of Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nordson by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 58 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the subject of a number of recent research reports. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Nordson Trading Down 5.2 %

Shares of Nordson stock opened at $176.73 on Monday. The firm has a market cap of $10.06 billion, a PE ratio of 22.48, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a 1 year low of $172.50 and a 1 year high of $279.38. 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 stock has a fifty day moving average price of $210.54 and a 200-day moving average price of $230.04.

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 analysts’ consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million for 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%. Equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is 39.69%.

Nordson 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.