Nordson Co. (NASDAQ:NDSN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Nordson Co. (NASDAQ:NDSN) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,930 shares of the industrial products company’s stock after selling 2,585 shares during the period. Yousif Capital Management LLC owned 0.06% of Nordson worth $6,681,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after purchasing an additional 20,217 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 48,720 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 valued at $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after acquiring an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after acquiring an additional 5,046 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NDSN shares. DA Davidson dropped their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 317 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % 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 Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,928 shares of company stock worth $433,080. 0.80% of the stock is currently owned by insiders.

Nordson Stock Performance

Shares of NDSN opened at $215.30 on Friday. The stock has a 50-day simple moving average of $221.33 and a 200-day simple moving average of $240.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market capitalization of $12.29 billion, a PE ratio of 26.55, a PEG ratio of 1.66 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter in the previous year, the business posted $2.46 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.45%. Nordson’s dividend payout ratio is currently 38.47%.

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.