Davis R M Inc. Sells 610 Shares of Nordson Co. (NASDAQ:NDSN)

Davis R M Inc. decreased its holdings in Nordson Co. (NASDAQ:NDSN) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,966 shares of the industrial products company’s stock after selling 610 shares during the quarter. Davis R M Inc. owned approximately 0.09% of Nordson worth $10,455,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC raised its position in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares during the last quarter. Covestor Ltd raised its position in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares during the last quarter. Brooklyn Investment Group raised its position in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares during the last quarter. Finally, Quarry LP bought a new position in Nordson in the 3rd quarter valued at $109,000. Institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

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 value of $268,620.21. Following the completion of the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Nordson Stock Down 1.4 %

Shares of Nordson stock opened at $212.40 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.53 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 business has a fifty day simple moving average of $213.35 and a 200 day simple moving average of $236.67. The stock has a market cap of $12.09 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

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

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.47%. Nordson’s payout ratio is 39.69%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NDSN. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research note on Tuesday, March 4th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Finally, BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

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.