Nordson Co. (NDSN) Position Cut by Stifel Financial Corp

Stifel Financial Corp reduced its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,000 shares of the industrial products company’s stock after selling 931 shares during the period. Stifel Financial Corp owned 0.07% of Nordson worth $4,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Nordson by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,024,905 shares of the industrial products company’s stock worth $697,959,000 after purchasing an additional 113,574 shares during the last quarter. Vanguard Group Inc increased its position in shares of Nordson by 2.3% during the third quarter. Vanguard Group Inc now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after acquiring an additional 113,574 shares during the last quarter. BlackRock Inc. increased its position in shares of Nordson by 1.4% during the fourth quarter. BlackRock Inc. now owns 4,705,381 shares of the industrial products company’s stock valued at $561,588,000 after acquiring an additional 65,764 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 6.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,423,478 shares of the industrial products company’s stock valued at $527,942,000 after acquiring an additional 279,766 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Nordson by 6.2% during the third quarter. Janus Henderson Group PLC now owns 1,085,112 shares of the industrial products company’s stock valued at $150,722,000 after acquiring an additional 63,319 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

In related news, insider Shelly Peet sold 11,600 shares of Nordson stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the transaction, the insider now owns 29,296 shares in the company, valued at $3,901,055.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory A. Thaxton sold 11,250 shares of Nordson stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $117.22, for a total transaction of $1,318,725.00. Following the completion of the transaction, the insider now owns 64,017 shares of the company’s stock, valued at approximately $7,504,072.74. The disclosure for this sale can be found here. Insiders sold 80,029 shares of company stock valued at $10,350,904 in the last quarter. 1.97% of the stock is owned by insiders.



Shares of NDSN stock opened at $127.95 on Monday. Nordson Co. has a fifty-two week low of $110.16 and a fifty-two week high of $146.84. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $7.33 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.21). Nordson had a return on equity of 23.01% and a net margin of 14.59%. The firm had revenue of $497.91 million during the quarter, compared to analysts’ expectations of $497.99 million. During the same quarter in the prior year, the firm earned $1.35 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts predict that Nordson Co. will post 6.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.09%. Nordson’s dividend payout ratio is currently 23.57%.

A number of equities research analysts have weighed in on NDSN shares. BidaskClub cut shares of Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut shares of Nordson from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. DA Davidson cut shares of Nordson from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a report on Thursday, November 29th. Wells Fargo & Co set a $130.00 price objective on shares of Nordson and gave the company a “hold” rating in a report on Friday, December 14th. Finally, ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $143.57.

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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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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