Strategic Financial Concepts LLC Buys Shares of 21,761 Nordson Co. (NASDAQ:NDSN)

Strategic Financial Concepts LLC purchased a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,761 shares of the industrial products company's stock, valued at approximately $4,553,000.

Several other large investors have also modified their holdings of NDSN. State Street Corp lifted its stake 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 valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Natixis Advisors LLC lifted its stake in 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 acquiring an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in 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 acquiring an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Nordson by 10.5% during the 3rd 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. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NDSN. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. 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 research note on Friday, December 13th. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and increased their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus price target of $279.25.

Nordson Stock Up 1.4 %

Shares of NDSN traded up $2.95 during mid-day trading on Thursday, reaching $217.28. The company's stock had a trading volume of 283,959 shares, compared to its average volume of 332,181. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The stock has a market cap of $12.40 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.95. 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's 50 day moving average is $217.12 and its 200 day moving average is $239.95.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the prior year, the business posted $2.46 EPS. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. Nordson's payout ratio is currently 38.47%.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 1,703 shares of company stock worth $374,069. 0.80% of the stock is currently owned by insiders.

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.