Geode Capital Management LLC boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 453,297 shares of the industrial products company’s stock after acquiring an additional 8,332 shares during the period. Geode Capital Management LLC owned about 0.78% of Nordson worth $66,362,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Nordson by 107.7% during the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock worth $142,053,000 after acquiring an additional 503,093 shares during the period. Ardevora Asset Management LLP raised its position in shares of Nordson by 0.7% in the third quarter. Ardevora Asset Management LLP now owns 289,900 shares of the industrial products company’s stock valued at $34,353,000 after buying an additional 2,100 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Nordson by 10.4% in the fourth quarter. Lazard Asset Management LLC now owns 113,599 shares of the industrial products company’s stock valued at $16,630,000 after buying an additional 10,687 shares during the last quarter. Rhumbline Advisers raised its position in shares of Nordson by 6.6% in the third quarter. Rhumbline Advisers now owns 119,835 shares of the industrial products company’s stock valued at $14,200,000 after buying an additional 7,439 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Nordson in the fourth quarter valued at about $614,000. Institutional investors own 66.70% of the company’s stock.
In related news, VP Robert E. Veillette sold 1,594 shares of Nordson stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelly Peet sold 15,000 shares of Nordson stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $148.90, for a total transaction of $2,233,500.00. Following the completion of the transaction, the vice president now owns 29,170 shares in the company, valued at $4,343,413. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,597 shares of company stock worth $27,078,980. 2.01% of the stock is currently owned by insiders.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The firm had revenue of $550.42 million for the quarter, compared to analyst estimates of $538.21 million. During the same period last year, the firm posted $0.86 EPS. Nordson’s quarterly revenue was up 35.1% on a year-over-year basis. analysts predict that Nordson Co. will post 6.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were given a $0.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. Nordson’s dividend payout ratio (DPR) is 20.00%.
NDSN has been the subject of a number of recent research reports. SunTrust Banks increased their target price on shares of Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. BidaskClub cut shares of Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. B. Riley set a $175.00 target price on shares of Nordson and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, KeyCorp reiterated a “buy” rating and issued a $165.00 target price (up from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Nordson currently has a consensus rating of “Hold” and a consensus price target of $152.40.
Nordson 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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