Nordson Co. (NASDAQ:NDSN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Nordson Co. (NASDAQ:NDSN) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,667 shares of the industrial products company’s stock after selling 105 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Nordson were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Ieq Capital LLC boosted its holdings in Nordson by 3.6% in the third quarter. Ieq Capital LLC now owns 1,381 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 48 shares in the last quarter. Quent Capital LLC increased its holdings in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 48 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Nordson by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,766 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Bancorp increased its holdings in Nordson by 5.5% in the 3rd quarter. Fifth Third Bancorp now owns 992 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 52 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Nordson by 5.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,043 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, DA Davidson boosted their price target on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $278.00.

Nordson Trading Down 0.8 %

Shares of NDSN stock opened at $260.06 on Thursday. The company’s 50-day moving average price is $266.63 and its 200-day moving average price is $249.87. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.96 and a beta of 1.00. Nordson Co. has a twelve month low of $208.90 and a twelve month high of $278.00.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The firm had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, equities analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.05%. Nordson’s payout ratio is currently 31.81%.

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.