Nordson Corporation $NDSN Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in Nordson Corporation (NASDAQ:NDSN) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,771 shares of the industrial products company’s stock after selling 2,085 shares during the quarter. Fiera Capital Corp owned 0.34% of Nordson worth $40,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NDSN. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Nordson by 3.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after purchasing an additional 90,704 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Nordson by 15.9% in the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock valued at $210,536,000 after buying an additional 142,991 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson by 156.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock valued at $205,685,000 after buying an additional 621,734 shares in the last quarter. ProShare Advisors LLC grew its holdings in Nordson by 10.2% during the second quarter. ProShare Advisors LLC now owns 866,396 shares of the industrial products company’s stock worth $185,729,000 after acquiring an additional 80,285 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Nordson by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 542,208 shares of the industrial products company’s stock worth $116,233,000 after acquiring an additional 41,507 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 2,300 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the completion of the transaction, the executive vice president directly owned 8,605 shares of the company’s stock, valued at $1,999,715.95. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James E. Devries sold 9,100 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $233.60, for a total value of $2,125,760.00. Following the completion of the sale, the executive vice president owned 51,223 shares in the company, valued at $11,965,692.80. This represents a 15.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,600 shares of company stock valued at $3,188,257 in the last three months. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on NDSN shares. DA Davidson set a $285.00 target price on Nordson in a report on Tuesday, October 21st. Oppenheimer boosted their price objective on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. Finally, Robert W. Baird boosted their price target on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.75.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $236.24 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $230.18 and its 200 day moving average price is $218.31. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.77 and a beta of 0.98.

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

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a dividend of $0.82 per share. This is a boost from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s payout ratio is currently 41.21%.

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.