Nordson Co. (NASDAQ:NDSN) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,971 shares of the industrial products company’s stock after selling 71 shares during the period. Fulton Bank N.A.’s holdings in Nordson were worth $831,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after purchasing an additional 193,421 shares during the last quarter. State Street Corp raised its holdings in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after purchasing an additional 177,282 shares during the period. International Assets Investment Management LLC lifted its position in shares of Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after buying an additional 68,810 shares during the period. Finally, Natixis Advisors LLC grew its position in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after buying an additional 65,436 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Down 1.6 %

NASDAQ:NDSN opened at $202.09 on Friday. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson Co. has a 1 year low of $201.82 and a 1 year high of $279.38. The business has a fifty day moving average of $237.86 and a 200-day moving average of $243.10.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the prior year, the firm posted $2.46 EPS. Nordson’s revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.54%. Nordson’s payout ratio is 38.47%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NDSN shares. Robert W. Baird reissued a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson reduced their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 over the last ninety days. Company insiders own 0.86% of the company’s stock.

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.