Proficio Capital Partners LLC Purchases New Holdings in Nordson Co. (NASDAQ:NDSN)

Proficio Capital Partners LLC bought a new position in Nordson Co. (NASDAQ:NDSN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 17,576 shares of the industrial products company's stock, valued at approximately $3,678,000.

A number of other institutional investors have also recently made changes to their positions in NDSN. State Street Corp increased its holdings in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after buying an additional 177,282 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock worth $41,386,000 after buying an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after buying an additional 48,720 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Nordson by 6.0% in the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company's stock worth $106,762,000 after buying an additional 28,967 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

Remove Ads

Insider Buying and Selling 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 completion of the sale, 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 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 corporate insiders.

Nordson Trading Up 1.8 %

NDSN traded up $3.77 during trading on Friday, hitting $215.31. 398,741 shares of the stock traded hands, compared to its average volume of 354,574. The firm has a market capitalization of $12.25 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. 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 moving average of $213.20 and a 200 day moving average of $237.24. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on NDSN shares. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Robert W. Baird reaffirmed 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. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and increased their target price for the company 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 on the stock in a report on Friday, December 13th. Finally, KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 target price on the stock in a report on Tuesday. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $256.20.

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.