Oppenheimer & Co. Inc. Grows Holdings in Nordson Co. (NASDAQ:NDSN)

Oppenheimer & Co. Inc. boosted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 545.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,981 shares of the industrial products company's stock after acquiring an additional 4,209 shares during the period. Oppenheimer & Co. Inc.'s holdings in Nordson were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Nordson by 26.1% in the fourth 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 during the last quarter. Covestor Ltd raised its holdings in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after buying an additional 43 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares during the last quarter. Quarry LP purchased a new position in shares of Nordson in the third quarter worth $109,000. Finally, Focus Financial Network Inc. purchased a new position in shares of Nordson in the third quarter worth $201,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Price Performance

Shares of NASDAQ NDSN traded up $3.77 during trading on Friday, hitting $215.31. The company had a trading volume of 398,741 shares, compared to its average volume of 354,574. The stock has a fifty day simple moving average of $213.20 and a two-hundred day simple moving average of $237.24. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

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Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company 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%. On average, research analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio is currently 39.69%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on NDSN shares. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a report on Monday, February 24th. Robert W. Baird reissued a "neutral" rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.20.

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.