Royce & Associates LP lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,619 shares of the industrial products company’s stock after selling 63,646 shares during the quarter. Royce & Associates LP’s holdings in Nordson were worth $37,423,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of NDSN. PNC Financial Services Group Inc. raised its position in Nordson by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 146 shares during the period. The Manufacturers Life Insurance Company raised its position in Nordson by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after purchasing an additional 1,751 shares during the period. Albert D Mason Inc. raised its position in Nordson by 36.6% in the third quarter. Albert D Mason Inc. now owns 8,838 shares of the industrial products company’s stock valued at $1,047,000 after purchasing an additional 2,370 shares during the period. Fisher Asset Management LLC purchased a new stake in Nordson in the third quarter valued at $245,000. Finally, Oakbrook Investments LLC purchased a new stake in Nordson in the third quarter valued at $240,000. Institutional investors own 66.96% of the company’s stock.
In related news, SVP John J. Keane sold 20,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total transaction of $3,007,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total value of $226,650.86. The disclosure for this sale can be found here. Insiders have sold a total of 84,597 shares of company stock valued at $12,623,580 over the last three months. 2.01% of the stock is currently owned by insiders.
Shares of Nordson Co. (NASDAQ NDSN) opened at $138.89 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $8,029.22, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.50 and a beta of 1.30. Nordson Co. has a 1-year low of $107.16 and a 1-year high of $151.84.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. research analysts forecast that Nordson Co. will post 6.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 0.86%. Nordson’s payout ratio is 23.62%.
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Nordson Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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