Sequoia Financial Advisors LLC Has $1.30 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Sequoia Financial Advisors LLC raised its position in Nordson Co. (NASDAQ:NDSN) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,210 shares of the industrial products company’s stock after acquiring an additional 983 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nordson were worth $1,299,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NDSN. UMB Bank n.a. raised its stake in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after buying an additional 115 shares during the period. Brooklyn Investment Group raised its stake in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares in the last quarter. Quarry LP bought a new position in shares of Nordson during the 3rd quarter worth about $109,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Nordson during the 4th quarter valued at about $179,000. Institutional investors own 72.11% of the company’s stock.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction 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. The trade was a 15.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

Nordson Stock Up 2.7 %

Shares of NASDAQ:NDSN opened at $207.40 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm has a market cap of $11.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.65 and a beta of 0.92. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company’s 50-day moving average price is $213.13 and its two-hundred day moving average price is $235.36.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results 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 net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. As a group, research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.50%. Nordson’s payout ratio is currently 39.69%.

Analysts Set New Price Targets

A number of research analysts have commented on NDSN shares. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. DA Davidson decreased their price target 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 upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus target price of $256.20.

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.