Addison Advisors LLC Decreases Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Addison Advisors LLC lowered its stake in Nordson Co. (NASDAQ:NDSN) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 476 shares of the industrial products company’s stock after selling 162 shares during the period. Addison Advisors LLC’s holdings in Nordson were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nordson by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after acquiring an additional 14,780 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $135,138,000 after buying an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 valued at $84,499,000 after buying an additional 61,430 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings 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 in the last quarter. Institutional investors own 72.11% of the company’s stock.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by insiders.

Nordson Price Performance

NDSN opened at $214.98 on Wednesday. The stock has a 50-day moving average price of $213.44 and a 200-day moving average price of $238.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a market cap of $12.27 billion, a PE ratio of 27.35, a P/E/G ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Sell-side analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 39.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NDSN. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson dropped their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. 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 set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Monday. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.25.

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.