Nordson Co. (NASDAQ:NDSN) Position Boosted by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC raised its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,356 shares of the industrial products company’s stock after acquiring an additional 517 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in Nordson were worth $702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in 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 acquiring an additional 52 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Nordson by 695.0% in 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. Covestor Ltd grew its stake in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares in the last quarter. Quarry LP bought a new stake in shares of Nordson in the 3rd quarter valued at approximately $109,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Nordson in the 4th quarter valued at approximately $179,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NDSN. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research report on Monday, February 24th. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction on 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 directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by company insiders.

Nordson Stock Down 0.3 %

Shares of NDSN stock opened at $206.55 on Wednesday. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The firm has a market cap of $11.76 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The stock has a 50 day moving average of $213.27 and a 200-day moving average of $237.61. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS 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 for the quarter, compared to analyst estimates of $639.40 million. On average, equities analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.51%. Nordson’s dividend payout ratio (DPR) 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.