Commonwealth Equity Services LLC Buys 2,638 Shares of Nordson Co. (NASDAQ:NDSN)

Commonwealth Equity Services LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,220 shares of the industrial products company's stock after acquiring an additional 2,638 shares during the period. Commonwealth Equity Services LLC's holdings in Nordson were worth $2,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Impact Capital Partners LLC bought a new position in shares of Nordson in the fourth quarter worth about $538,000. Bowen Hanes & Co. Inc. raised its holdings in shares of Nordson by 0.5% in the 4th quarter. Bowen Hanes & Co. Inc. now owns 174,548 shares of the industrial products company's stock worth $36,522,000 after acquiring an additional 800 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Nordson by 18.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,210 shares of the industrial products company's stock worth $1,299,000 after acquiring an additional 983 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after acquiring an additional 115 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Nordson by 25.9% in the fourth quarter. Independent Advisor Alliance now owns 2,899 shares of the industrial products company's stock valued at $607,000 after purchasing an additional 596 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

NDSN has been the subject of a number of recent analyst reports. DA Davidson reduced their price objective on shares of 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 issued a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. KeyCorp upgraded Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. Finally, Baird R W downgraded shares of Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $256.20.

Insider Activity 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 stock was 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 approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Nordson Price Performance

NDSN traded down $6.09 during midday trading on Friday, hitting $200.46. The stock had a trading volume of 300,382 shares, compared to its average volume of 280,954. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. 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 business has a fifty day moving average of $213.03 and a 200 day moving average of $232.12. The company has a market cap of $11.41 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 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.