Signaturefd LLC Has $110,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Signaturefd LLC trimmed its position in Nordson Co. (NASDAQ:NDSN) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 525 shares of the industrial products company’s stock after selling 90 shares during the quarter. Signaturefd LLC’s holdings in Nordson were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NDSN. Raymond James Financial Inc. acquired a new position in Nordson during the 4th quarter worth $74,005,000. State Street Corp increased its stake in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after purchasing an additional 177,282 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Nordson by 22.5% during the 4th quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock valued at $40,399,000 after purchasing an additional 35,494 shares during the period. 72.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NDSN has been the topic of several recent analyst reports. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Nordson Trading Down 0.9 %

Shares of Nordson stock opened at $203.86 on Monday. The company’s fifty day moving average price is $213.54 and its two-hundred day moving average price is $233.58. The firm has a market capitalization of $11.60 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.

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

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.53%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Insider Activity at Nordson

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

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.