Copeland Capital Management LLC Lowers Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Copeland Capital Management LLC trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 119,707 shares of the industrial products company’s stock after selling 6,261 shares during the period. Copeland Capital Management LLC owned approximately 0.21% of Nordson worth $25,048,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NDSN. State Street Corp lifted its holdings in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after purchasing an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NDSN. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson decreased their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $279.25.

Insider Activity

In related news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Nordson Trading Down 0.2 %

NASDAQ:NDSN opened at $220.22 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a market cap of $12.57 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a 50 day simple moving average of $224.86 and a two-hundred day simple moving average of $241.48.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the previous year, the firm posted $2.46 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

Nordson Company 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.