Nordson Co. (NASDAQ:NDSN) is Mcdaniel Terry & Co.’s 5th Largest Position

Mcdaniel Terry & Co. lifted its stake in Nordson Co. (NASDAQ:NDSN) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,243 shares of the industrial products company’s stock after purchasing an additional 17,004 shares during the quarter. Nordson comprises about 4.0% of Mcdaniel Terry & Co.’s portfolio, making the stock its 5th largest holding. Mcdaniel Terry & Co.’s holdings in Nordson were worth $49,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Creative Financial Designs Inc. ADV raised its position in Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after buying an additional 42 shares during the last quarter. Covestor Ltd raised its position in 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 buying an additional 43 shares during the last quarter. QRG Capital Management Inc. raised its position in Nordson by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after buying an additional 49 shares during the last quarter. UMB Bank n.a. raised its position in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after buying an additional 52 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in Nordson by 2.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,060 shares of the industrial products company’s stock worth $541,000 after buying an additional 53 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 317 shares of Nordson 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 sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,703 shares of company stock valued at $374,069 in the last 90 days. 0.80% of the stock is owned by insiders.

Nordson Price Performance

Nordson stock opened at $217.73 on Thursday. The company’s fifty day moving average price is $214.28 and its 200 day moving average price is $239.12. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market capitalization of $12.43 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a net margin of 17.37% and a return on equity of 19.87%. As a group, equities research analysts anticipate 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 paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.43%. Nordson’s dividend payout ratio is currently 38.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NDSN shares. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and lifted their target price for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reaffirmed 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, DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and a consensus price target 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.