Uncommon Cents Investing LLC Lowers Holdings in Nordson Co. (NASDAQ:NDSN)

Uncommon Cents Investing LLC decreased its holdings in Nordson Co. (NASDAQ:NDSN) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,598 shares of the industrial products company’s stock after selling 315 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Nordson were worth $2,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trueblood Wealth Management LLC purchased a new position in Nordson in the fourth quarter worth approximately $1,421,000. Schechter Investment Advisors LLC purchased a new position in Nordson in the fourth quarter worth approximately $211,000. Assenagon Asset Management S.A. lifted its stake in Nordson by 918.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after acquiring an additional 10,878 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Nordson by 31.7% in the fourth quarter. Pacer Advisors Inc. now owns 8,242 shares of the industrial products company’s stock worth $2,177,000 after acquiring an additional 1,985 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Nordson by 7.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,055 shares of the industrial products company’s stock worth $2,656,000 after acquiring an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,213 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $250.13, for a total transaction of $303,407.69. Following the transaction, the executive vice president now directly owns 7,379 shares of the company’s stock, valued at approximately $1,845,709.27. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Srinivas Subramanian sold 2,100 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $250.79, for a total transaction of $526,659.00. Following the transaction, the executive vice president now directly owns 4,565 shares of the company’s stock, valued at approximately $1,144,856.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 1,213 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $250.13, for a total transaction of $303,407.69. Following the transaction, the executive vice president now directly owns 7,379 shares in the company, valued at $1,845,709.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,313 shares of company stock valued at $1,347,427. 0.86% of the stock is owned by company insiders.

Nordson Stock Performance

Shares of Nordson stock opened at $274.54 on Friday. The firm’s fifty day simple moving average is $262.71 and its 200-day simple moving average is $244.29. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.06 and a beta of 1.00. Nordson Co. has a 12 month low of $208.77 and a 12 month high of $276.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. Nordson’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. As a group, equities analysts forecast that Nordson Co. will post 10.22 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 0.99%. Nordson’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

NDSN has been the subject of several recent analyst reports. KeyCorp restated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. DA Davidson boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

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.