Mountain Pacific Investment Advisers LLC Sells 460 Shares of Nordson Co. (NASDAQ:NDSN)

Mountain Pacific Investment Advisers LLC trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,569 shares of the industrial products company’s stock after selling 460 shares during the quarter. Nordson comprises about 2.0% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 22nd largest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.23% of Nordson worth $27,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Nordson in the 3rd quarter valued at $53,000. UMB Bank n.a. lifted its position 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 valued at $53,000 after acquiring an additional 52 shares during the period. Covestor Ltd grew its holdings in shares of Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 43 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDSN. DA Davidson cut their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average target price of $279.00.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock worth $433,080 in the last quarter. 0.86% of the stock is owned by insiders.

Nordson Price Performance

NDSN stock opened at $216.38 on Tuesday. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The company has a 50 day simple moving average of $231.29 and a 200 day simple moving average of $242.33. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38.

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

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 38.47%.

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.