CFS Investment Advisory Services LLC Sells 212 Shares of Nordson Co. (NASDAQ:NDSN)

CFS Investment Advisory Services LLC trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,115 shares of the industrial products company’s stock after selling 212 shares during the period. CFS Investment Advisory Services LLC’s holdings in Nordson were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NDSN. Nomura Asset Management Co. Ltd. increased its stake in Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after purchasing an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Nordson by 23.6% during 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 acquiring an additional 61,430 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after acquiring an additional 5,046 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after purchasing an additional 15,524 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NDSN shares. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price target for the company from $255.00 to $280.00 in a report on Wednesday. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson cut their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Trading Down 0.6 %

NASDAQ NDSN opened at $218.07 on Friday. The company has a market cap of $12.45 billion, a PE ratio of 26.89, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The stock has a 50 day moving average of $228.28 and a 200-day moving average of $242.03. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. On average, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.43%. Nordson’s payout ratio is 38.47%.

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.