Fiera Capital Corp Sells 7,349 Shares of Nordson Co. (NASDAQ:NDSN)

Fiera Capital Corp lessened its stake in Nordson Co. (NASDAQ:NDSNGet Rating) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,880 shares of the industrial products company’s stock after selling 7,349 shares during the period. Fiera Capital Corp’s holdings in Nordson were worth $57,150,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Westpac Banking Corp grew its holdings in shares of Nordson by 7.7% in the 4th quarter. Westpac Banking Corp now owns 7,618 shares of the industrial products company’s stock valued at $1,945,000 after buying an additional 547 shares during the period. Hayek Kallen Investment Management acquired a new position in Nordson in the 4th quarter worth $204,000. Raymond James & Associates boosted its stake in Nordson by 9.9% in the 4th quarter. Raymond James & Associates now owns 222,867 shares of the industrial products company’s stock worth $56,891,000 after purchasing an additional 20,117 shares during the period. First Trust Advisors LP boosted its stake in shares of Nordson by 568.6% during the 4th quarter. First Trust Advisors LP now owns 59,402 shares of the industrial products company’s stock worth $15,163,000 after buying an additional 50,517 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC boosted its stake in shares of Nordson by 77.9% during the 4th quarter. Intercontinental Wealth Advisors LLC now owns 2,645 shares of the industrial products company’s stock worth $675,000 after buying an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.

NDSN has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Nordson from $280.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, January 10th. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Sunday, April 24th. Finally, Loop Capital assumed coverage on shares of Nordson in a report on Tuesday, March 29th. They issued a “hold” rating and a $250.00 target price on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $275.40.

Nordson stock traded down $4.95 during mid-day trading on Friday, reaching $215.69. The company had a trading volume of 279,275 shares, compared to its average volume of 172,248. Nordson Co. has a fifty-two week low of $197.20 and a fifty-two week high of $272.28. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market cap of $12.50 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.84 and a beta of 0.96. The business has a fifty day simple moving average of $223.20 and a 200 day simple moving average of $240.03.

Nordson (NASDAQ:NDSNGet Rating) last issued its earnings results on Tuesday, February 22nd. The industrial products company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.14. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The firm had revenue of $609.20 million for the quarter, compared to analyst estimates of $607.21 million. During the same quarter last year, the business posted $1.32 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Research analysts forecast that Nordson Co. will post 9.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, February 22nd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, February 18th. Nordson’s payout ratio is currently 24.09%.

Nordson Profile (Get Rating)

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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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