19,772 Shares in Nordson Co. (NASDAQ:NDSN) Bought by Clark & Stuart Inc

Clark & Stuart Inc bought a new position in Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,772 shares of the industrial products company's stock, valued at approximately $4,137,000. Nordson makes up approximately 3.0% of Clark & Stuart Inc's investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also bought and sold shares of NDSN. Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company's stock valued at $60,377,000 after buying an additional 193,421 shares during the last quarter. State Street Corp boosted its holdings in Nordson by 7.2% in the 3rd 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 period. International Assets Investment Management LLC grew its position 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 purchasing an additional 103,653 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company's stock worth $601,032,000 after buying an additional 68,810 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock valued at $41,386,000 after buying an additional 65,436 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NDSN shares. DA Davidson decreased their price target 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. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Robert W. Baird reissued a "neutral" rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $279.00.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares of the company's stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,928 shares of company stock valued at $433,080. Insiders own 0.86% of the company's stock.

Nordson Stock Up 0.6 %

Shares of NASDAQ:NDSN traded up $1.24 during midday trading on Monday, reaching $201.36. The company's stock had a trading volume of 97,047 shares, compared to its average volume of 302,592. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $236.88 and a 200-day moving average of $243.07. The firm has a market capitalization of $11.48 billion, a P/E ratio of 24.83, a PEG ratio of 1.70 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same quarter last year, the firm earned $2.46 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts anticipate that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson's dividend payout ratio (DPR) is 38.47%.

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.