Nordson Co. (NASDAQ:NDSN) Shares Sold by XXEC Inc.

XXEC Inc. lessened its position in Nordson Co. (NASDAQ:NDSN) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,786 shares of the industrial products company’s stock after selling 10,541 shares during the period. Nordson makes up 3.1% of XXEC Inc.’s portfolio, making the stock its 16th biggest position. XXEC Inc.’s holdings in Nordson were worth $3,722,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of 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 purchasing an additional 177,282 shares during the period. Natixis Advisors LLC boosted its position in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $84,499,000 after buying an additional 61,430 shares in the last quarter. JPMorgan Chase & Co. increased 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 acquiring an additional 48,720 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Nordson by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock valued at $106,762,000 after acquiring an additional 28,967 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDSN. 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. Robert W. Baird reiterated 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. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Stock Performance

NASDAQ:NDSN opened at $206.55 on Wednesday. The company has a 50-day moving average of $213.27 and a 200-day moving average of $237.61. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a twelve month low of $196.83 and a twelve month 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). The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently announced 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 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Insider Activity

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 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. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.