Nordson Corporation (NASDAQ:NDSN) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. lessened its stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,387 shares of the industrial products company's stock after selling 1,434 shares during the period. Nordson makes up approximately 2.6% of Winslow Asset Management Inc.'s holdings, making the stock its 11th largest holding. Winslow Asset Management Inc. owned approximately 0.10% of Nordson worth $11,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Nordson in the 4th quarter valued at $3,678,000. Independent Advisor Alliance grew its position in Nordson by 25.9% in the 4th quarter. Independent Advisor Alliance now owns 2,899 shares of the industrial products company's stock valued at $607,000 after acquiring an additional 596 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Nordson by 27.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,220 shares of the industrial products company's stock valued at $2,557,000 after acquiring an additional 2,638 shares during the last quarter. Natixis Advisors LLC grew its position in Nordson by 22.5% in the 4th quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company's stock valued at $40,399,000 after acquiring an additional 35,494 shares during the last quarter. Finally, SlateStone Wealth LLC grew its position in Nordson by 4.0% in the 4th quarter. SlateStone Wealth LLC now owns 2,575 shares of the industrial products company's stock valued at $539,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Down 0.5%

NDSN stock traded down $1.13 during trading on Friday, reaching $216.34. 220,967 shares of the company traded hands, compared to its average volume of 331,341. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The business has a 50 day simple moving average of $211.58 and a 200 day simple moving average of $206.16. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The company had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same quarter last year, the company earned $2.34 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Wednesday, June 18th. Nordson's dividend payout ratio (DPR) is presently 40.10%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their price target on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. KeyCorp increased their price target on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen downgraded Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Wolfe Research assumed coverage on Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Finally, Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research report on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.86.

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.