Nordson Co. (NASDAQ:NDSN) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 695.0% in the 4th quarter, HoldingsChannel reports. The firm owned 318 shares of the industrial products company’s stock after purchasing an additional 278 shares during the period. Brooklyn Investment Group’s holdings in Nordson were worth $67,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NDSN. State Street Corp grew its position in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares in the last quarter. Geode Capital Management LLC grew its holdings in Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after acquiring an additional 14,780 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nordson by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after purchasing an additional 47,865 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Nordson by 5.7% during the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock worth $86,727,000 after purchasing an additional 17,732 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,928 shares of company stock worth $433,080. Company insiders own 0.86% of the company’s stock.

Nordson Stock Up 1.2 %

Shares of NASDAQ NDSN opened at $216.38 on Monday. The business has a 50-day moving average price of $232.19 and a 200 day moving average price of $242.41. The stock has a market cap of $12.34 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38.

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

Nordson Dividend Announcement

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

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.