Nordson Co. (NASDAQ:NDSN) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its stake in Nordson Co. (NASDAQ:NDSN) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193 shares of the industrial products company’s stock after selling 170 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Nordson were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. New York Life Investment Management LLC lifted its holdings in Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 49 shares in the last quarter. UMB Bank n.a. raised its position in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of Nordson by 1.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after buying an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Nordson by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 58 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Nordson by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ NDSN opened at $207.58 on Tuesday. The stock has a fifty day simple moving average of $213.62 and a 200-day simple moving average of $233.31. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.81 billion, a PE ratio of 26.41, a P/E/G ratio of 1.65 and a beta of 0.92. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, March 20th. Nordson’s payout ratio is 39.69%.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several recent research reports. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research note on Tuesday, March 4th. DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

Insiders Place Their Bets

In related news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by insiders.

About Nordson

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.