LPL Financial LLC Purchases 19,525 Shares of Nordson Co. (NASDAQ:NDSN)

LPL Financial LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,925 shares of the industrial products company's stock after acquiring an additional 19,525 shares during the period. LPL Financial LLC owned 0.21% of Nordson worth $25,302,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NDSN. KLP Kapitalforvaltning AS bought a new stake in Nordson in the fourth quarter worth $3,808,000. Sei Investments Co. grew its position in Nordson by 18.7% during the 4th quarter. Sei Investments Co. now owns 66,336 shares of the industrial products company's stock valued at $13,881,000 after purchasing an additional 10,435 shares during the last quarter. Blueshift Asset Management LLC raised its holdings in Nordson by 107.8% in the fourth quarter. Blueshift Asset Management LLC now owns 1,756 shares of the industrial products company's stock worth $367,000 after buying an additional 911 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Nordson in the fourth quarter worth approximately $98,000. Finally, Cibc World Markets Corp lifted its stake in shares of Nordson by 422.8% in the fourth quarter. Cibc World Markets Corp now owns 38,575 shares of the industrial products company's stock worth $8,071,000 after buying an additional 31,196 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

NDSN has been the subject of a number of recent analyst reports. KeyCorp upgraded shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a report on Tuesday, March 4th. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research note on Monday, February 24th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. Four equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $256.20.

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Nordson Stock Performance

Shares of NDSN traded down $9.66 during trading hours on Friday, hitting $176.73. The stock had a trading volume of 707,519 shares, compared to its average volume of 284,054. Nordson Co. has a 12 month low of $173.24 and a 12 month high of $279.38. The stock has a fifty day moving average price of $210.54 and a 200 day moving average price of $230.39. 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 market capitalization of $10.06 billion, a PE ratio of 22.48, a PEG ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's payout ratio is 39.69%.

Insider Transactions at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business's 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 sale, the executive vice president now owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

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.