Victory Capital Management Inc. Sells 3,514 Shares of Nordson Co. (NASDAQ:NDSN)

Victory Capital Management Inc. decreased its holdings in Nordson Co. (NASDAQ:NDSN) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,360 shares of the industrial products company’s stock after selling 3,514 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Nordson worth $6,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after acquiring an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Nordson by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock valued at $106,762,000 after acquiring an additional 28,967 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NDSN shares. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a report on Tuesday, March 4th. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. 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 reaffirmed a “neutral” rating and set a $237.00 target price (down 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, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Trading Up 2.7 %

Nordson stock opened at $207.40 on Friday. The stock has a market cap of $11.80 billion, a P/E ratio of 26.39, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The firm’s fifty day moving average price is $213.13 and its 200-day moving average price is $235.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. Nordson’s dividend payout ratio (DPR) is currently 39.69%.

Insider Transactions at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by company insiders.

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.