ORG Wealth Partners LLC Decreases Holdings in Nordson Co. (NASDAQ:NDSN)

ORG Wealth Partners LLC cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 41.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 479 shares of the industrial products company’s stock after selling 342 shares during the quarter. ORG Wealth Partners LLC’s holdings in Nordson were worth $100,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Nordson during the 2nd quarter valued at $27,000. Blue Trust Inc. increased its position in shares of Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Nordson during the 3rd quarter valued at $53,000. Covestor Ltd increased its position in shares of Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Nordson by 84.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 166 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NDSN shares. DA Davidson decreased their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Robert W. Baird reissued 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. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $279.00.

Insider Activity

In other news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction dated Monday, November 11th. The stock was 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 sale was disclosed in a legal 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 shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is currently owned by insiders.

Nordson Stock Down 1.0 %

NDSN stock opened at $200.12 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.41 billion, a PE ratio of 24.68, a PEG ratio of 1.70 and a beta of 0.95. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The stock has a 50-day simple moving average of $237.86 and a two-hundred day simple moving average of $243.10.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 EPS. On average, equities analysts predict that Nordson Co. will post 10.34 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.56%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Nordson 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.