SlateStone Wealth LLC Acquires 100 Shares of Nordson Co. (NASDAQ:NDSN)

SlateStone Wealth LLC grew its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the industrial products company’s stock after buying an additional 100 shares during the period. SlateStone Wealth LLC’s holdings in Nordson were worth $539,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after buying an additional 115 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares in the last quarter. Quarry LP bought a new stake in shares of Nordson during the 3rd quarter valued at $109,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Nordson during the 4th quarter valued at $179,000. Institutional investors own 72.11% of the company’s stock.

Insider Activity

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NDSN has been the topic of a number of analyst reports. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Loop Capital upgraded shares of 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 research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $207.40 on Monday. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The business has a 50-day simple moving average of $213.13 and a two-hundred day simple moving average of $235.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. On average, analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 20th. Nordson’s payout ratio is currently 39.69%.

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.