Harvey Investment Co. LLC Has $18.04 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Harvey Investment Co. LLC lessened its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,222 shares of the industrial products company's stock after selling 1,615 shares during the period. Nordson makes up 2.1% of Harvey Investment Co. LLC's portfolio, making the stock its 18th biggest position. Harvey Investment Co. LLC owned approximately 0.15% of Nordson worth $18,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NDSN. Marshall Wace LLP acquired a new position in Nordson during the 2nd quarter valued at about $613,000. Creative Planning raised its holdings in Nordson by 11.9% during the second quarter. Creative Planning now owns 3,575 shares of the industrial products company's stock worth $829,000 after purchasing an additional 380 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Nordson by 23.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company's stock worth $85,000 after purchasing an additional 69 shares during the period. Cetera Investment Advisers grew its holdings in Nordson by 2.5% during the second quarter. Cetera Investment Advisers now owns 14,736 shares of the industrial products company's stock worth $3,418,000 after acquiring an additional 358 shares during the period. Finally, Czech National Bank raised its position in Nordson by 7.0% in the third quarter. Czech National Bank now owns 11,082 shares of the industrial products company's stock worth $2,910,000 after acquiring an additional 729 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,703 shares of company stock valued at $374,069. Insiders own 0.80% of the company's stock.

Nordson Trading Down 0.0 %

NASDAQ NDSN traded down $0.04 on Tuesday, hitting $216.77. 82,593 shares of the stock were exchanged, compared to its average volume of 333,339. The company's 50-day moving average price is $219.55 and its two-hundred day moving average price is $240.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.62 and a beta of 0.95.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly 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. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. Research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

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

Wall Street Analyst Weigh In

NDSN has been the subject of several research reports. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Robert W. Baird restated a "neutral" rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nordson presently has an average rating of "Moderate Buy" and a consensus target price of $279.25.

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.