Impact Capital Partners LLC Takes Position in Nordson Co. (NASDAQ:NDSN)

Impact Capital Partners LLC bought a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,569 shares of the industrial products company's stock, valued at approximately $538,000.

Several other hedge funds also recently modified their holdings of NDSN. Raymond James Financial Inc. acquired a new stake in shares of Nordson during the 4th quarter valued at $74,005,000. State Street Corp boosted its holdings 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 valued at $692,916,000 after acquiring an additional 177,282 shares in the last quarter. Natixis Advisors LLC boosted 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 acquiring an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Robert W. Baird reaffirmed a "neutral" rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.20.

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Nordson Stock Down 1.0 %

Shares of NDSN traded down $2.15 during trading hours on Tuesday, hitting $208.53. The stock had a trading volume of 251,764 shares, compared to its average volume of 267,351. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $213.21 and a 200-day simple moving average of $234.90. The firm has a market capitalization of $11.87 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.50%. Nordson's dividend payout ratio (DPR) is currently 39.69%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated 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 transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

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.