Nordson Co. (NASDAQ:NDSN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,799 shares of the industrial products company's stock after selling 2,330 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Nordson worth $18,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NDSN. UMB Bank n.a. increased its holdings in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after buying an additional 52 shares during the last quarter. Tortoise Investment Management LLC increased its position in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after purchasing an additional 115 shares in the last quarter. Brooklyn Investment Group raised its holdings in Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after buying an additional 278 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Nordson during the fourth quarter valued at approximately $92,000. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Nordson in the fourth quarter worth $98,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NDSN shares. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. KeyCorp cut their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nordson presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

Nordson Stock Performance

NDSN stock traded up $3.74 during trading on Friday, hitting $194.10. 113,904 shares of the company's stock traded hands, compared to its average volume of 303,604. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $279.38. The stock has a fifty day moving average price of $195.99 and a two-hundred day moving average price of $219.86. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. As a group, equities analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio is presently 39.69%.

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.