Columbia Wanger Asset Management LLC lowered its stake in Nordson Corporation (NASDAQ:NDSN) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,743 shares of the company’s stock after selling 96,342 shares during the period. Columbia Wanger Asset Management LLC’s holdings in Nordson Corporation were worth $52,523,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fiera Capital Corp increased its stake in shares of Nordson Corporation by 2,788.9% in the second quarter. Fiera Capital Corp now owns 563,339 shares of the company’s stock valued at $47,101,000 after buying an additional 543,839 shares during the period. Prudential Financial Inc. increased its stake in shares of Nordson Corporation by 188.3% in the third quarter. Prudential Financial Inc. now owns 156,331 shares of the company’s stock valued at $15,575,000 after buying an additional 102,110 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Nordson Corporation by 41.2% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 337,744 shares of the company’s stock valued at $33,650,000 after buying an additional 98,491 shares during the period. Copeland Capital Management LLC increased its stake in shares of Nordson Corporation by 78.7% in the third quarter. Copeland Capital Management LLC now owns 195,618 shares of the company’s stock valued at $19,490,000 after buying an additional 86,134 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Nordson Corporation by 3.3% in the third quarter. BlackRock Fund Advisors now owns 1,969,393 shares of the company’s stock valued at $196,211,000 after buying an additional 63,374 shares during the period. Institutional investors own 64.61% of the company’s stock.
Nordson Corporation (NASDAQ:NDSN) traded down 0.56% during trading on Tuesday, reaching $116.47. 98,815 shares of the company’s stock were exchanged. Nordson Corporation has a 52 week low of $60.11 and a 52 week high of $118.00. The company’s 50 day moving average price is $113.48 and its 200-day moving average price is $103.56. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 24.62 and a beta of 1.26.
Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings results on Tuesday, December 13th. The company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.15. Nordson Corporation had a net margin of 15.03% and a return on equity of 35.20%. The company had revenue of $509 million for the quarter. During the same period in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts expect that Nordson Corporation will post $4.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 16th. Nordson Corporation’s dividend payout ratio (DPR) is currently 22.88%.
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Several analysts have issued reports on NDSN shares. Zacks Investment Research raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Wednesday, January 11th. Seaport Global Securities raised shares of Nordson Corporation from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Nordson Corporation in a report on Thursday, December 22nd. Finally, Barrington Research upped their price target on shares of Nordson Corporation from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 16th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $106.30.
In related news, insider Gregory A. Thaxton sold 3,973 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $113.16, for a total transaction of $449,584.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.15% of the company’s stock.
Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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