Nordson Co. (NASDAQ:NDSN) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC cut its position in Nordson Co. (NASDAQ:NDSN) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,587 shares of the industrial products company’s stock after selling 178 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Nordson were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in 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 buying an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Nordson in the third quarter worth $53,000. Brooklyn Investment Group increased its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the period. Covestor Ltd increased its position in shares of Nordson by 18.8% during the third 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 period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Nordson by 23.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 1.2 %

NASDAQ:NDSN opened at $216.38 on Monday. The stock has a 50-day simple moving average of $232.19 and a 200-day simple moving average of $242.41. The stock has a market cap of $12.34 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.51 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter last year, the company earned $2.46 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Insider Buying and Selling at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $279.00.

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.