Nordson Co. (NASDAQ:NDSN) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its holdings in Nordson Co. (NASDAQ:NDSN) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,430 shares of the industrial products company’s stock after acquiring an additional 472 shares during the period. Diversified Trust Co’s holdings in Nordson were worth $927,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NDSN. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares during the last quarter. State Street Corp raised its holdings in Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Nordson by 2.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after buying an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NDSN shares. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, DA Davidson cut 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson 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. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock valued at $433,080 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Nordson Stock Performance

NASDAQ:NDSN opened at $202.09 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson Co. has a fifty-two week low of $201.82 and a fifty-two week high of $279.38. The stock has a market capitalization of $11.52 billion, a P/E ratio of 24.92, a PEG ratio of 1.70 and a beta of 0.95. The company has a 50 day moving average price of $237.86 and a 200 day moving average price of $243.10.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter last year, the company posted $2.46 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Nordson Co. will post 10.34 EPS for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a $0.78 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.54%. Nordson’s dividend payout ratio is presently 38.47%.

About Nordson

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.