Nordson Co. (NASDAQ:NDSN) Stock Position Boosted by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lifted its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,243 shares of the industrial products company's stock after purchasing an additional 17,004 shares during the period. Nordson comprises about 4.0% of Mcdaniel Terry & Co.'s portfolio, making the stock its 5th largest holding. Mcdaniel Terry & Co. owned 0.41% of Nordson worth $49,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock worth $42,000 after buying an additional 91 shares in the last quarter. UMB Bank n.a. increased its stake in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after buying an additional 52 shares in the last quarter. Brooklyn Investment Group increased its stake in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares in the last quarter. Covestor Ltd increased its stake in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after buying an additional 43 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Nordson by 84.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company's stock worth $95,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Trading Down 1.4 %

NDSN traded down $3.01 during trading hours on Friday, reaching $215.44. The company's stock had a trading volume of 350,941 shares, compared to its average volume of 342,595. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The stock has a market cap of $12.30 billion, a PE ratio of 27.41, a P/E/G ratio of 1.64 and a beta of 0.95. The business's 50-day moving average is $213.85 and its 200-day moving average is $238.84. 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 (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.31%. The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. As a group, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson's dividend payout ratio (DPR) is 39.69%.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,703 shares of company stock worth $374,069 over the last ninety days. Corporate insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and boosted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. 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. Finally, DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.