Crossmark Global Holdings Inc. Sells 276 Shares of Nordson Co. (NASDAQ:NDSN)

Crossmark Global Holdings Inc. lessened its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,024 shares of the industrial products company’s stock after selling 276 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Nordson were worth $424,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NDSN. Blue Trust Inc. increased its holdings in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Nordson in the 3rd quarter worth about $53,000. UMB Bank n.a. increased its stake in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Brooklyn Investment Group grew its position in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares during the period. Finally, Covestor Ltd increased its position in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on NDSN shares. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note 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. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $279.25.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is currently owned by company insiders.

Nordson Price Performance

NDSN opened at $218.07 on Monday. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The stock’s 50 day simple moving average is $228.28 and its 200 day simple moving average is $242.12.

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

Nordson Dividend Announcement

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

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.