Boston Trust Walden Corp Has $60.73 Million Stake in Nordson Co. (NASDAQ:NDSN)

Boston Trust Walden Corp boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,219 shares of the industrial products company’s stock after acquiring an additional 9,042 shares during the quarter. Boston Trust Walden Corp owned 0.51% of Nordson worth $60,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Nordson during the third quarter worth about $53,000. UMB Bank n.a. raised its stake in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares in the last quarter. Finally, Covestor Ltd grew its position in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s 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 sale, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,928 shares of company stock valued at $433,080. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus price target of $279.25.

Nordson Stock Performance

Nordson stock opened at $220.22 on Monday. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company’s 50-day moving average is $224.86 and its two-hundred day moving average is $241.47. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.57 billion, a PE ratio of 27.15, a PEG ratio of 1.66 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last announced 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. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.42%. Nordson’s dividend payout ratio is presently 38.47%.

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.