Proficio Capital Partners LLC Takes $3.68 Million Position in Nordson Co. (NASDAQ:NDSN)

Proficio Capital Partners LLC bought a new stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,576 shares of the industrial products company's stock, valued at approximately $3,678,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in Nordson by 6.0% in the 3rd quarter. Victory Capital Management Inc. now owns 36,874 shares of the industrial products company's stock worth $9,684,000 after acquiring an additional 2,090 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Nordson during the 3rd quarter worth $203,000. CIBC Asset Management Inc raised its position in Nordson by 17.5% during the 3rd quarter. CIBC Asset Management Inc now owns 11,209 shares of the industrial products company's stock valued at $2,944,000 after purchasing an additional 1,671 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Nordson by 6.1% in the 3rd quarter. Empirical Finance LLC now owns 1,199 shares of the industrial products company's stock worth $315,000 after buying an additional 69 shares during the period. Finally, Natixis Advisors LLC grew its position 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 worth $41,386,000 after buying an additional 65,436 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Performance

Shares of Nordson stock traded down $1.78 during midday trading on Friday, hitting $203.86. The company had a trading volume of 533,770 shares, compared to its average volume of 269,393. The company has a fifty day simple moving average of $213.47 and a 200 day simple moving average of $234.18. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 25.94, a PEG 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. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

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Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. As a group, analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm 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. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio is presently 39.69%.

Analyst Ratings Changes

A number of research firms recently weighed in on NDSN. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and upped their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Four research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.20.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were 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 directly owns 7,347 shares in the company, valued at $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 available at this hyperlink. Company insiders own 0.80% of the company's stock.

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.