Signaturefd LLC Sells 90 Shares of Nordson Co. (NASDAQ:NDSN)

Signaturefd LLC lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 525 shares of the industrial products company’s stock after selling 90 shares during the quarter. Signaturefd LLC’s holdings in Nordson were worth $110,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NDSN. Cibc World Markets Corp lifted its position in Nordson by 422.8% during the 4th quarter. Cibc World Markets Corp now owns 38,575 shares of the industrial products company’s stock worth $8,071,000 after buying an additional 31,196 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Nordson by 9.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,135 shares of the industrial products company’s stock worth $656,000 after purchasing an additional 272 shares in the last quarter. SlateStone Wealth LLC lifted its position in shares of Nordson by 4.0% during the fourth quarter. SlateStone Wealth LLC now owns 2,575 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 100 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Nordson by 22.5% during the fourth quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock valued at $40,399,000 after purchasing an additional 35,494 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Nordson by 27.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,220 shares of the industrial products company’s stock valued at $2,557,000 after purchasing an additional 2,638 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on NDSN shares. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and increased their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research 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 report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $256.20.

Nordson Trading Down 0.9 %

NASDAQ NDSN opened at $203.86 on Monday. 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 12 month low of $196.83 and a 12 month high of $279.38. The company has a market capitalization of $11.60 billion, a PE ratio of 25.94, a P/E/G ratio of 1.65 and a beta of 0.92. The stock has a 50-day simple moving average of $213.54 and a 200 day simple moving average of $233.58.

Nordson (NASDAQ:NDSN) last announced its quarterly 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 net margin of 16.93% and a return on equity of 19.28%. The firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Research analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.53%. Nordson’s dividend payout ratio is 39.69%.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of Nordson 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 transaction, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is owned by company insiders.

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.