Intech Investment Management LLC Sells 4,179 Shares of Nordson Co. (NASDAQ:NDSN)

Intech Investment Management LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 32.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,672 shares of the industrial products company’s stock after selling 4,179 shares during the quarter. Intech Investment Management LLC’s holdings in Nordson were worth $2,381,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tobam boosted its holdings in shares of Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after buying an additional 91 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Nordson during the fourth quarter worth approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Nordson during the fourth quarter worth approximately $28,000. Quent Capital LLC boosted its stake in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 48 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Nordson during the first quarter worth approximately $55,000. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird cut their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Finally, DA Davidson decreased their price target on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Price Performance

Nordson stock traded down $3.04 during mid-day trading on Friday, reaching $236.61. The company had a trading volume of 332,924 shares, compared to its average volume of 221,795. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a market cap of $13.55 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $236.98 and a 200 day simple moving average of $253.61.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.04. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. During the same quarter last year, the firm earned $2.26 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio is currently 32.42%.

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.