Boston Trust Walden Corp Has $72.07 Million Stake in Nordson Co. (NASDAQ:NDSN)

Boston Trust Walden Corp lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,813 shares of the industrial products company's stock after buying an additional 60,209 shares during the quarter. Boston Trust Walden Corp owned about 0.48% of Nordson worth $72,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NDSN. Vanguard Group Inc. grew its position in Nordson by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 5,997,575 shares of the industrial products company's stock valued at $1,361,928,000 after purchasing an additional 850,479 shares during the period. State Street Corp grew its position in Nordson by 3.3% in the 2nd quarter. State Street Corp now owns 2,530,403 shares of the industrial products company's stock valued at $627,995,000 after purchasing an additional 79,987 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Nordson by 4.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company's stock valued at $498,992,000 after purchasing an additional 88,095 shares during the period. Morgan Stanley grew its position in Nordson by 9.2% in the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company's stock valued at $310,534,000 after purchasing an additional 117,337 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Nordson by 7.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 911,866 shares of the industrial products company's stock valued at $226,307,000 after acquiring an additional 60,689 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Performance

Shares of NDSN stock traded down $2.20 during trading hours on Thursday, hitting $270.80. 350,601 shares of the company were exchanged, compared to its average volume of 219,354. The firm has a fifty day simple moving average of $264.58 and a 200 day simple moving average of $245.67. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. Nordson Co. has a 52-week low of $208.77 and a 52-week high of $278.00. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.03 and a beta of 1.00.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. During the same quarter last year, the business posted $1.95 EPS. Nordson's quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts predict that Nordson Co. will post 10.22 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.00%. Nordson's dividend payout ratio is 31.81%.

Insider Activity at Nordson

In related news, EVP Srinivas Subramanian sold 2,100 shares of Nordson stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the transaction, the executive vice president now directly owns 4,565 shares in the company, valued at approximately $1,144,856.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Stephen Lovass sold 1,213 shares of Nordson stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $250.13, for a total value of $303,407.69. Following the completion of the transaction, the executive vice president now directly owns 7,379 shares in the company, valued at approximately $1,845,709.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Srinivas Subramanian sold 2,100 shares of the firm's stock in a transaction on Friday, January 12th. The shares were sold at an average price of $250.79, for a total transaction of $526,659.00. Following the completion of the transaction, the executive vice president now directly owns 4,565 shares of the company's stock, valued at $1,144,856.35. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp restated a "sector weight" rating on shares of Nordson in a research note on Monday, February 26th. Wells Fargo & Company raised their price objective on Nordson from $290.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. DA Davidson raised their price objective on Nordson from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Finally, StockNews.com upgraded Nordson from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $278.00.

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.

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