TAP Consulting LLC Lowers Stock Holdings in Nordson Co. (NASDAQ:NDSN)

TAP Consulting LLC reduced its position in Nordson Co. (NASDAQ:NDSN) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,616 shares of the industrial products company’s stock after selling 823 shares during the quarter. TAP Consulting LLC’s holdings in Nordson were worth $2,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NDSN. Generali Asset Management SPA SGR bought a new position in Nordson during the fourth quarter valued at approximately $98,000. Cibc World Markets Corp boosted its stake in shares of Nordson by 422.8% in the 4th quarter. Cibc World Markets Corp now owns 38,575 shares of the industrial products company’s stock valued at $8,071,000 after purchasing an additional 31,196 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Nordson by 9.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,135 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 272 shares during the last quarter. SlateStone Wealth LLC raised its position in Nordson by 4.0% in the 4th quarter. SlateStone Wealth LLC now owns 2,575 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 100 shares during the period. Finally, Natixis Advisors LLC lifted its stake in Nordson by 22.5% in the fourth quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock worth $40,399,000 after purchasing an additional 35,494 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Performance

NASDAQ:NDSN opened at $208.57 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $213.40 and its 200 day simple moving average is $234.38. The stock has a market cap of $11.87 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. As a group, research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the topic of several analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average target price of $256.20.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by company insiders.

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.