Sanctuary Advisors LLC Reduces Stake in Nordson Co. (NASDAQ:NDSN)

Sanctuary Advisors LLC lessened its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,013 shares of the industrial products company’s stock after selling 298 shares during the period. Sanctuary Advisors LLC’s holdings in Nordson were worth $3,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in 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 last quarter. Geode Capital Management LLC grew its stake in shares of Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after buying an additional 14,780 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock valued at $77,723,000 after buying an additional 13,184 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

NDSN opened at $215.44 on Friday. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.64 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $213.85 and its 200 day moving average price is $238.84. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.31%. As a group, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 39.69%.

Insider Activity

In related news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 1,703 shares of company stock worth $374,069. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and increased their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.25.

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.