CHB Investment Group LLC Sells 50 Shares of Nordson Co. (NASDAQ:NDSN)

CHB Investment Group LLC lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,421 shares of the industrial products company’s stock after selling 50 shares during the quarter. CHB Investment Group LLC’s holdings in Nordson were worth $2,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. Clark & Stuart Inc acquired a new position in Nordson during the 4th quarter worth $4,137,000. Czech National Bank lifted its stake in shares of Nordson by 6.3% during the fourth quarter. Czech National Bank now owns 11,779 shares of the industrial products company’s stock valued at $2,465,000 after acquiring an additional 697 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Nordson by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock valued at $884,000 after acquiring an additional 58 shares during the last quarter. Diversified Trust Co increased its position in Nordson by 11.9% in the fourth quarter. Diversified Trust Co now owns 4,430 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 472 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Nordson by 16.8% during the 4th quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company’s stock worth $1,536,000 after purchasing an additional 1,053 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several analyst reports. Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. DA Davidson cut their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,928 shares of company stock worth $433,080. Corporate insiders own 0.86% of the company’s stock.

Nordson Stock Up 1.9 %

Shares of Nordson stock opened at $203.83 on Tuesday. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The company has a market capitalization of $11.62 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The business has a 50-day moving average of $236.00 and a two-hundred day moving average of $242.88.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 earnings per share. As a group, equities analysts predict that Nordson Co. will post 10.34 EPS for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.53%. Nordson’s payout ratio is presently 38.47%.

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.