Nordson Corporation $NDSN Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its holdings in Nordson Corporation (NASDAQ:NDSN) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,275 shares of the industrial products company’s stock after selling 21,303 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Nordson were worth $4,561,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 54 shares during the last quarter. Three Seasons Wealth LLC boosted its holdings in Nordson by 3.0% in the 2nd quarter. Three Seasons Wealth LLC now owns 1,844 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 54 shares during the last quarter. Wedbush Securities Inc. grew its position in Nordson by 2.2% in the first quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 58 shares during the period. Allspring Global Investments Holdings LLC raised its position in Nordson by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 67 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Nordson by 0.6% in the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company’s stock valued at $2,146,000 after purchasing an additional 69 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total transaction of $534,497.00. Following the completion of the sale, the executive vice president owned 8,605 shares in the company, valued at $1,999,715.95. This trade represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Nordson Price Performance

NASDAQ:NDSN opened at $232.61 on Friday. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company’s 50-day moving average is $229.43 and its two-hundred day moving average is $217.06.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter. The firm had revenue of $646.86 million during the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Research analysts expect that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. Nordson’s payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NDSN shares. KeyCorp upped their price target on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Oppenheimer increased their price target on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.75.

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.