Strategic Financial Concepts LLC Takes $4.55 Million Position in Nordson Co. (NASDAQ:NDSN)

Strategic Financial Concepts LLC bought a new stake in shares of Nordson Co. (NASDAQ:NDSN) during the fourth quarter, Holdings Channel.com reports. The fund bought 21,761 shares of the industrial products company’s stock, valued at approximately $4,553,000.

A number of other institutional investors have also added to or reduced their stakes in NDSN. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after acquiring an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Holocene Advisors LP raised its position in shares of Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after buying an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after acquiring an additional 5,046 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and upped their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. 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 lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,703 shares of company stock valued at $374,069 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Nordson Stock Down 0.4 %

NASDAQ NDSN opened at $214.39 on Monday. The business’s 50-day moving average is $220.40 and its 200 day moving average is $240.67. The stock has a market capitalization of $12.24 billion, a PE ratio of 26.44, a PEG ratio of 1.62 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. 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 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

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 dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. Nordson’s payout ratio is 38.47%.

Nordson 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.