Nordson Co. (NASDAQ:NDSN) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,252 shares of the industrial products company's stock after buying an additional 1,970 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.11% of Nordson worth $13,235,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Nordson by 26,109.1% in the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock valued at $41,386,000 after purchasing an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after acquiring an additional 48,720 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Price Performance

NDSN traded up $2.38 during midday trading on Monday, hitting $216.77. 153,706 shares of the company traded hands, compared to its average volume of 339,076. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.62 and a beta of 0.95. The business has a 50 day simple moving average of $220.40 and a two-hundred day simple moving average of $240.67. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson's payout ratio is 38.47%.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 317 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company's stock, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 1,703 shares of company stock worth $374,069 over the last three months. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on NDSN shares. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson cut their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and an average target price of $279.25.

Nordson Company 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.