Bradley Foster & Sargent Inc. CT Reduces Holdings in Nordson Co. (NASDAQ:NDSN)

Bradley Foster & Sargent Inc. CT trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000 shares of the industrial products company’s stock after selling 124 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Nordson were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ING Groep NV purchased a new position in Nordson during the fourth quarter worth $1,452,000. Handelsbanken Fonder AB boosted its stake in Nordson by 8.1% during the fourth quarter. Handelsbanken Fonder AB now owns 14,730 shares of the industrial products company’s stock worth $3,082,000 after buying an additional 1,100 shares during the period. Mcdaniel Terry & Co. lifted its position in shares of Nordson by 7.8% during the fourth quarter. Mcdaniel Terry & Co. now owns 234,243 shares of the industrial products company’s stock worth $49,013,000 after purchasing an additional 17,004 shares during the last quarter. Bryn Mawr Capital Management LLC bought a new stake in shares of Nordson during the fourth quarter worth $476,000. Finally, Mcdonald Partners LLC lifted its position in shares of Nordson by 2.0% during the fourth quarter. Mcdonald Partners LLC now owns 6,425 shares of the industrial products company’s stock worth $1,344,000 after purchasing an additional 125 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,703 shares of company stock worth $374,069 over the last quarter. Insiders own 0.80% of the company’s stock.

Nordson Stock Performance

NDSN stock opened at $215.44 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The business has a 50-day moving average price of $213.85 and a 200 day moving average price of $238.86. The company has a market capitalization of $12.30 billion, a P/E ratio of 27.41, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.45%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Analyst Ratings Changes

NDSN has been the subject of several research analyst reports. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $279.25.

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.