Everence Capital Management Inc. Sells 1,340 Shares of Nordson Co. (NASDAQ:NDSN)

Everence Capital Management Inc. trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 51.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,270 shares of the industrial products company’s stock after selling 1,340 shares during the quarter. Everence Capital Management Inc.’s holdings in Nordson were worth $266,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Nordson during the second quarter worth $27,000. Blue Trust Inc. boosted its holdings 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 valued at $42,000 after purchasing an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Nordson during the third quarter valued at about $53,000. Strategic Financial Concepts LLC bought a new stake in shares of Nordson in the second quarter worth about $60,000. Finally, Covestor Ltd lifted its position in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after buying an additional 43 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 629 shares of company stock worth $164,460 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NDSN shares. 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 lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, DA Davidson dropped their price objective 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average price target of $279.00.

Nordson Stock Performance

NASDAQ NDSN opened at $205.43 on Wednesday. The business’s 50 day moving average price is $239.75 and its 200-day moving average price is $243.68. Nordson Co. has a fifty-two week low of $204.20 and a fifty-two week high of $279.38. The company has a market cap of $11.71 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.70 and a beta of 0.95. 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 (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business 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 was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. Sell-side analysts predict that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, January 2nd. Nordson’s payout ratio is currently 38.47%.

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.