Boston Trust Walden Corp Has $60.73 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Boston Trust Walden Corp increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,219 shares of the industrial products company’s stock after acquiring an additional 9,042 shares during the period. Boston Trust Walden Corp’s holdings in Nordson were worth $60,726,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its stake in shares of Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after purchasing an additional 20,217 shares during the period. JPMorgan Chase & Co. raised its position in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after buying an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Holocene Advisors LP boosted its position in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in shares of Nordson by 47.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after purchasing an additional 5,046 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Activity at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,928 shares of company stock worth $433,080. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on NDSN shares. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson decreased their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Finally, Loop Capital raised Nordson from a “hold” rating to a “buy” rating and boosted their price target 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $220.22 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $224.86 and its two-hundred day moving average price is $241.47. The company has a market cap of $12.57 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. 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, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same period in the previous year, the firm earned $2.46 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

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.