Boston Trust Walden Corp Cuts Stock Holdings in Nordson Corporation (NASDAQ:NDSN)

Boston Trust Walden Corp lowered its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 289,633 shares of the industrial products company’s stock after selling 586 shares during the quarter. Boston Trust Walden Corp owned 0.51% of Nordson worth $58,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NDSN. CIBC Asset Management Inc increased its position in shares of Nordson by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 11,477 shares of the industrial products company’s stock worth $2,401,000 after acquiring an additional 268 shares during the period. Venturi Wealth Management LLC increased its holdings in Nordson by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock valued at $312,000 after buying an additional 66 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in Nordson in the fourth quarter valued at $476,000. Mcdaniel Terry & Co. increased its holdings in Nordson by 7.8% in the fourth quarter. Mcdaniel Terry & Co. now owns 234,243 shares of the industrial products company’s stock valued at $49,013,000 after buying an additional 17,004 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Nordson by 8.1% in the fourth quarter. Handelsbanken Fonder AB now owns 14,730 shares of the industrial products company’s stock valued at $3,082,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ NDSN opened at $213.53 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The company has a market capitalization of $12.07 billion, a PE ratio of 27.45, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a fifty day moving average of $198.51 and a two-hundred day moving average of $208.07.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The company had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Nordson’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $3.12 annualized dividend and a yield of 1.46%. Nordson’s dividend payout ratio is presently 40.10%.

Analyst Ratings Changes

Several research firms recently commented on NDSN. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. Wolfe Research began coverage on Nordson in a report on Wednesday. They issued a “peer perform” rating on the stock. Robert W. Baird increased their target price on Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 30th. KeyCorp dropped their target price on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.00.

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.