Aviva PLC Sells 1,324 Shares of Nordson Co. (NASDAQ:NDSN)

Posted by Defense World Staff on Feb 26th, 2023

Aviva PLC trimmed its holdings in Nordson Co. (NASDAQ:NDSN – Get Rating) by 13.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,215 shares of the industrial products company’s stock after selling 1,324 shares during the quarter. Aviva PLC’s holdings in Nordson were worth $1,744,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NDSN. Itau Unibanco Holding S.A. purchased a new position in Nordson in the third quarter worth about $254,000. FORA Capital LLC boosted its position in Nordson by 129.8% in the third quarter. FORA Capital LLC now owns 2,872 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 1,622 shares during the last quarter. Veritable L.P. purchased a new position in Nordson in the third quarter worth about $204,000. Pictet Asset Management SA boosted its position in Nordson by 3.3% in the third quarter. Pictet Asset Management SA now owns 25,989 shares of the industrial products company’s stock worth $5,517,000 after purchasing an additional 834 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Nordson by 7.5% in the third quarter. Brown Advisory Inc. now owns 3,800 shares of the industrial products company’s stock worth $807,000 after purchasing an additional 265 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on NDSN shares. Robert W. Baird dropped their target price on Nordson from $259.00 to $241.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Nordson has an average rating of “Hold” and a consensus price target of $255.20.

Nordson Stock Down 1.0 %

NDSN stock opened at $220.32 on Friday. The business’s 50-day moving average price is $238.30 and its 200-day moving average price is $231.57. The stock has a market cap of $12.60 billion, a P/E ratio of 25.68, a PEG ratio of 1.88 and a beta of 0.91. Nordson Co. has a twelve month low of $194.89 and a twelve month high of $251.26. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.24.

Nordson (NASDAQ:NDSN – Get Rating) last issued its earnings results on Tuesday, February 21st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $610.48 million for the quarter, compared to the consensus estimate of $625.87 million. Nordson had a net margin of 19.18% and a return on equity of 23.67%. During the same period last year, the business posted $2.07 EPS. On average, equities research analysts forecast that Nordson Co. will post 9.1 EPS for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 17th. Nordson’s dividend payout ratio (DPR) is presently 30.30%.

Insider Activity at Nordson

In other Nordson news, EVP Shelly Peet sold 1,692 shares of Nordson stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $235.00, for a total value of $397,620.00. Following the sale, the executive vice president now owns 26,487 shares of the company’s stock, valued at approximately $6,224,445. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Nordson news, CFO Joseph P. Kelley sold 2,100 shares of Nordson stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $246.43, for a total value of $517,503.00. Following the sale, the chief financial officer now owns 9,091 shares of the company’s stock, valued at approximately $2,240,295.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Shelly Peet sold 1,692 shares of Nordson stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $235.00, for a total value of $397,620.00. Following the completion of the sale, the executive vice president now directly owns 26,487 shares in the company, valued at approximately $6,224,445. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,403 shares of company stock valued at $2,515,941. 0.70% of the stock is owned by company insiders.

About Nordson

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Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.