GAMMA Investing LLC Trims Stock Holdings in Nordson Co. (NASDAQ:NDSN)

GAMMA Investing LLC cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 22.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 739 shares of the industrial products company’s stock after selling 211 shares during the quarter. GAMMA Investing LLC’s holdings in Nordson were worth $155,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nordson during the second quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Nordson during the 3rd quarter worth $53,000. Strategic Financial Concepts LLC bought a new stake in shares of Nordson in the 2nd quarter worth about $60,000. Finally, Covestor Ltd raised its stake in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Nordson Stock Performance

Shares of NDSN stock opened at $202.09 on Thursday. The company has a market cap of $11.52 billion, a P/E ratio of 24.92, a PEG ratio of 1.70 and a beta of 0.95. The business has a 50 day moving average of $238.77 and a two-hundred day moving average of $243.39. Nordson Co. has a 52 week low of $201.82 and a 52 week high of $279.38. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data 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 return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Nordson Co. will post 10.34 EPS for the current year.

Nordson Dividend Announcement

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

Insider Buying and Selling

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

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.