Eagle Bay Advisors LLC Trims Holdings in Nordson Co. (NASDAQ:NDSN)

Eagle Bay Advisors LLC trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542 shares of the industrial products company’s stock after selling 239 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Nordson were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Procyon Advisors LLC boosted its position in shares of Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in Nordson by 1.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 42 shares in the last quarter. Covestor Ltd grew its stake in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN opened at $203.83 on Tuesday. The firm has a market capitalization of $11.62 billion, a P/E ratio of 25.13, a PEG ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The business has a fifty day moving average of $236.00 and a 200 day moving average of $242.88.

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

Nordson Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 in the last three months. Corporate insiders own 0.86% of the company’s stock.

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.