Yousif Capital Management LLC Sells 225 Shares of Nordson Co. (NASDAQ:NDSN)

Yousif Capital Management LLC reduced its position in shares of Nordson Co. (NASDAQ:NDSN) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,756 shares of the industrial products company’s stock after selling 225 shares during the period. Yousif Capital Management LLC owned about 0.06% of Nordson worth $9,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in shares of Nordson by 53.4% in the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock valued at $176,534,000 after buying an additional 275,240 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Nordson by 24,445.4% in the fourth quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock worth $41,951,000 after acquiring an additional 158,162 shares during the last quarter. Morgan Stanley raised its stake in shares of Nordson by 9.2% in the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after acquiring an additional 117,337 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Nordson by 1,960.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 98,800 shares of the industrial products company’s stock worth $22,049,000 after buying an additional 94,004 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Nordson by 4.1% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company’s stock worth $498,992,000 after buying an additional 88,095 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NDSN has been the subject of a number of recent research reports. DA Davidson boosted their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. KeyCorp reissued a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Finally, Wells Fargo & Company boosted their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Nordson Stock Performance

NDSN opened at $260.06 on Thursday. The business has a 50 day moving average of $266.63 and a 200-day moving average of $249.87. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.98 and a beta of 1.00. Nordson Co. has a 12-month low of $208.90 and a 12-month high of $278.00.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. The business had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 EPS. On average, equities research analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.05%. Nordson’s dividend payout ratio (DPR) is presently 31.81%.

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.