Xponance Inc. Sells 581 Shares of Nordson Co. (NASDAQ:NDSN)

Xponance Inc. lessened its position in Nordson Co. (NASDAQ:NDSN) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,912 shares of the industrial products company’s stock after selling 581 shares during the period. Xponance Inc.’s holdings in Nordson were worth $1,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tobam grew its position in shares of Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Nordson during the 4th quarter worth about $26,000. Sound Income Strategies LLC bought a new stake in shares of Nordson during the 4th quarter worth about $27,000. Fortitude Family Office LLC bought a new stake in shares of Nordson during the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Nordson by 208.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after buying an additional 75 shares during the period. Institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, DA Davidson lifted their target price on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Nordson Stock Performance

NASDAQ NDSN opened at $262.08 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $14.99 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.96 and a beta of 1.00. Nordson Co. has a 12-month low of $208.90 and a 12-month high of $278.00. The firm has a 50-day moving average price of $266.71 and a two-hundred day moving average price of $249.80.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. Analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, February 16th. Nordson’s payout ratio is presently 31.81%.

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.