Southern Style Financial Inc. acquired a new position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,908 shares of the industrial products company's stock, valued at approximately $399,000. Nordson makes up about 0.3% of Southern Style Financial Inc.'s portfolio, making the stock its 19th largest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in NDSN. State Street Corp lifted its position in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after purchasing an additional 177,282 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nordson by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company's stock valued at $377,919,000 after acquiring an additional 14,780 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Raymond James & Associates grew its stake in Nordson by 5.7% in the third quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company's stock valued at $86,727,000 after purchasing an additional 17,732 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 23.6% during 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 purchasing an additional 61,430 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Jennifer L. Mcdonough sold 225 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares of the company's stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,928 shares of company stock worth $433,080. Corporate insiders own 0.80% of the company's stock.
Nordson Stock Performance
NDSN stock traded down $0.41 during mid-day trading on Friday, hitting $220.22. 411,285 shares of the company were exchanged, compared to its average volume of 337,043. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The stock has a market capitalization of $12.57 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The business has a 50 day simple moving average of $224.86 and a 200-day simple moving average of $241.48. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.
Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million during the quarter, compared to analysts' expectations of $736.83 million. During the same period last year, the firm posted $2.46 EPS. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.
Nordson Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.42%. Nordson's dividend payout ratio is presently 38.47%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. DA Davidson cut their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and upped their target price for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Robert W. Baird reissued a "neutral" rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $279.25.
View Our Latest Stock Analysis on Nordson
About Nordson
(
Free Report)
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.
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