Fulton Bank N.A. Sells 168 Shares of Nordson Co. (NASDAQ:NDSN)

Fulton Bank N.A. cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,039 shares of the industrial products company’s stock after selling 168 shares during the quarter. Fulton Bank N.A.’s holdings in Nordson were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDSN. Tobam raised its holdings in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Nordson during the first quarter valued at $55,000. Christopher J. Hasenberg Inc bought a new stake in Nordson in the 1st quarter worth about $58,000. Crewe Advisors LLC purchased a new position in Nordson in the 1st quarter worth about $67,000. Finally, Clarity Asset Management Inc. bought a new position in Nordson during the 4th quarter valued at about $88,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Trading Up 0.4 %

Shares of NASDAQ NDSN traded up $1.00 during trading hours on Tuesday, reaching $235.80. The stock had a trading volume of 286,852 shares, compared to its average volume of 238,141. The business’s fifty day moving average price is $233.74 and its two-hundred day moving average price is $252.84. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.97 and a beta of 0.91. Nordson Co. has a 52-week low of $208.91 and a 52-week high of $279.38. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The firm had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. Analysts expect that Nordson Co. will post 9.52 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were given a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.15%. Nordson’s payout ratio is 32.42%.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson reduced their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, Robert W. Baird decreased their price objective on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.40.

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.