Keybank National Association OH Trims Position in Nordson Co. (NASDAQ:NDSN)

Keybank National Association OH decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,277 shares of the industrial products company’s stock after selling 365 shares during the period. Keybank National Association OH’s holdings in Nordson were worth $3,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Nordson by 13.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after buying an additional 20,217 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Nordson by 10.5% during the third 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 during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 23.6% during the third 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 during the period. Holocene Advisors LP lifted its stake in shares of Nordson by 113.8% during the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after buying an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. 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 note on Monday, February 24th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four equities 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Nordson Stock Performance

Shares of NDSN stock opened at $210.44 on Thursday. The company’s fifty day simple moving average is $213.27 and its 200-day simple moving average is $237.61. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a market cap of $11.98 billion, a PE ratio of 26.77, a P/E/G ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS 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 business had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s payout ratio is 39.69%.

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.