Amalgamated Bank Has $4.55 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Amalgamated Bank lowered its stake in Nordson Co. (NASDAQ:NDSN) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,207 shares of the industrial products company’s stock after selling 854 shares during the period. Amalgamated Bank’s holdings in Nordson were worth $4,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Kayne Anderson Rudnick Investment Management LLC raised its position in Nordson by 4.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company’s stock valued at $498,992,000 after purchasing an additional 88,095 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Nordson by 9.2% during the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after purchasing an additional 117,337 shares during the period. Lazard Asset Management LLC increased its holdings in Nordson by 53.4% in the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock valued at $176,534,000 after purchasing an additional 275,240 shares during the period. Invesco Ltd. grew its position in shares of Nordson by 9.0% during the 3rd quarter. Invesco Ltd. now owns 781,549 shares of the industrial products company’s stock worth $174,418,000 after buying an additional 64,707 shares during the period. Finally, FMR LLC lifted its position in shares of Nordson by 4.3% during the 3rd quarter. FMR LLC now owns 546,738 shares of the industrial products company’s stock valued at $122,015,000 after acquiring an additional 22,685 shares during the period. Institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nordson Trading Up 0.5 %

NASDAQ NDSN opened at $272.06 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $15.56 billion, a P/E ratio of 31.82, a PEG ratio of 2.00 and a beta of 1.00. The business has a fifty day simple moving average of $265.98 and a 200 day simple moving average of $252.66. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00.

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

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.