Nordson Co. (NASDAQ:NDSN) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in Nordson Co. (NASDAQ:NDSN) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,555 shares of the industrial products company’s stock after purchasing an additional 832 shares during the period. Exchange Traded Concepts LLC owned about 0.11% of Nordson worth $13,507,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after acquiring an additional 65,436 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Nordson by 437.7% in the second quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company’s stock valued at $14,497,000 after purchasing an additional 50,877 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN stock opened at $218.79 on Friday. The stock’s 50 day moving average is $229.01 and its two-hundred day moving average is $241.97. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a market capitalization of $12.49 billion, a PE ratio of 27.01, a P/E/G ratio of 1.65 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 (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. Analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NDSN shares. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson cut their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and upped their price target for the stock from $255.00 to $280.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $279.25.

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.