Diversified Trust Co Cuts Position in Nordson Co. (NASDAQ:NDSN)

Diversified Trust Co trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,806 shares of the industrial products company’s stock after selling 1,195 shares during the period. Diversified Trust Co’s holdings in Nordson were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Tobam raised its stake in Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Nordson in the 4th quarter valued at about $26,000. Sound Income Strategies LLC purchased a new position in Nordson in the fourth quarter worth about $27,000. Fortitude Family Office LLC bought a new stake in Nordson during the fourth quarter worth approximately $28,000. Finally, Quent Capital LLC raised its position in Nordson by 64.9% during the fourth 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. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Down 1.8 %

Shares of NDSN opened at $227.68 on Tuesday. Nordson Co. has a 1-year low of $208.91 and a 1-year high of $279.38. The company has a 50-day moving average of $246.17 and a 200 day moving average of $256.21. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38.

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

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NDSN shares. Robert W. Baird dropped their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. DA Davidson reduced their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have issued 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.

About Nordson

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.