Bradley Foster & Sargent Inc. CT Cuts Stock Position in Nordson Co. (NASDAQ:NDSN)

Bradley Foster & Sargent Inc. CT decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,000 shares of the industrial products company’s stock after selling 124 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Nordson were worth $837,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NDSN. State Street Corp grew its stake in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after acquiring an additional 177,282 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after acquiring an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 1,703 shares of company stock valued at $374,069. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NDSN shares. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and upped their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson dropped their target price 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 reiterated 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $215.44 on Friday. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The firm has a market cap of $12.30 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.65 and a beta of 0.95. The business’s 50 day moving average price is $213.85 and its 200 day moving average price is $238.86. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. On average, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is presently 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.