Coldstream Capital Management Inc. Sells 229 Shares of Nordson Co. (NASDAQ:NDSN)

Coldstream Capital Management Inc. reduced its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,654 shares of the industrial products company’s stock after selling 229 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Nordson were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Nordson by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock valued at $1,302,887,000 after acquiring an additional 93,146 shares during the period. Geode Capital Management LLC boosted its position in shares of Nordson by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock worth $303,918,000 after buying an additional 12,590 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Nordson by 2.9% during the 4th quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock worth $180,036,000 after acquiring an additional 24,030 shares in the last quarter. FMR LLC increased its stake in Nordson by 19.2% in the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock valued at $145,135,000 after buying an additional 111,538 shares during the last quarter. Finally, Norges Bank bought a new stake in Nordson during the fourth quarter worth about $142,670,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BNP Paribas lowered shares of 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. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, KeyCorp dropped their price target on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.20.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $188.76 on Wednesday. The firm has a 50 day simple moving average of $196.96 and a 200 day simple moving average of $220.54. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a one year low of $165.03 and a one year 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 the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

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.