Strategic Financial Concepts LLC Acquires New Shares in Nordson Co. (NASDAQ:NDSN)

Strategic Financial Concepts LLC bought a new position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,761 shares of the industrial products company's stock, valued at approximately $4,553,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Nordson by 1.1% in the 4th quarter. Allworth Financial LP now owns 11,258 shares of the industrial products company's stock valued at $2,470,000 after buying an additional 117 shares during the last quarter. Roman Butler Fullerton & Co. grew its stake in Nordson by 10.4% in the 4th quarter. Roman Butler Fullerton & Co. now owns 926 shares of the industrial products company's stock valued at $208,000 after buying an additional 87 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Nordson by 1.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 41,203 shares of the industrial products company's stock valued at $8,683,000 after purchasing an additional 597 shares during the period. Certuity LLC boosted its holdings in Nordson by 16.1% in the 4th quarter. Certuity LLC now owns 1,160 shares of the industrial products company's stock valued at $243,000 after purchasing an additional 161 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Nordson by 8.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,193 shares of the industrial products company's stock worth $459,000 after acquiring an additional 167 shares during the period. 72.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 1,703 shares of company stock valued at $374,069. Insiders own 0.80% of the company's stock.

Nordson Trading Up 0.3 %

Nordson stock traded up $0.72 during trading hours on Thursday, reaching $218.45. The company had a trading volume of 454,299 shares, compared to its average volume of 342,345. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The company has a 50-day moving average price of $214.28 and a 200 day moving average price of $239.12. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.66 and a beta of 0.95. 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 posted 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 business had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Equities analysts forecast 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 was paid on Thursday, January 16th. Investors 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 dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson's dividend payout ratio is currently 38.47%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NDSN. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. DA Davidson reduced their price target 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. Robert W. Baird reaffirmed a "neutral" rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $279.25.

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.