Shell Asset Management Co. Sells 50 Shares of Nordson Co. (NASDAQ:NDSN)

Shell Asset Management Co. lessened its holdings in Nordson Co. (NASDAQ:NDSNFree Report) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,801 shares of the industrial products company’s stock after selling 50 shares during the period. Shell Asset Management Co.’s holdings in Nordson were worth $402,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Newbridge Financial Services Group Inc. increased its stake in Nordson by 208.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Smithfield Trust Co increased its stake in Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in Nordson during the 2nd quarter valued at approximately $31,000. Artemis Wealth Advisors LLC acquired a new position in Nordson during the 2nd quarter valued at approximately $42,000. Finally, Avior Wealth Management LLC increased its stake in Nordson by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 70.88% of the company’s stock.

Nordson Stock Up 0.7 %

NASDAQ:NDSN opened at $263.63 on Monday. The firm has a market capitalization of $15.06 billion, a P/E ratio of 31.16, a PEG ratio of 2.01 and a beta of 1.00. Nordson Co. has a 1-year low of $202.57 and a 1-year high of $265.99. The company’s fifty day moving average price is $252.82 and its 200-day moving average price is $238.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.11 and a quick ratio of 1.33.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings data on Thursday, December 14th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.06. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $706.19 million. Nordson had a net margin of 18.55% and a return on equity of 20.56%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 earnings per share. As a group, equities research analysts anticipate that Nordson Co. will post 10.08 EPS for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.03%. Nordson’s payout ratio is currently 32.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

Read Our Latest Research Report on NDSN

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 3,784 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $231.34, for a total transaction of $875,390.56. Following the sale, the executive vice president now owns 9,266 shares in the company, valued at $2,143,596.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Stephen Lovass sold 3,784 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $231.34, for a total transaction of $875,390.56. Following the sale, the executive vice president now owns 9,266 shares in the company, valued at $2,143,596.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph P. Kelley sold 2,800 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $260.25, for a total transaction of $728,700.00. Following the sale, the executive vice president now owns 9,782 shares in the company, valued at approximately $2,545,765.50. The disclosure for this sale can be found here. Insiders have sold 12,118 shares of company stock worth $3,002,920 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

Nordson Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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