Roffman Miller Associates Inc. PA Lowers Position in Nordson Co. (NASDAQ:NDSN)

Roffman Miller Associates Inc. PA decreased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,283 shares of the industrial products company’s stock after selling 1,115 shares during the period. Nordson comprises about 2.8% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 11th largest position. Roffman Miller Associates Inc. PA’s holdings in Nordson were worth $39,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of Nordson by 48.4% during the third quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock valued at $51,633,000 after acquiring an additional 75,466 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Nordson during the 4th quarter valued at $1,192,000. Assenagon Asset Management S.A. increased its holdings in Nordson by 918.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after buying an additional 10,878 shares during the last quarter. Morgan Stanley raised its position in Nordson by 9.2% in the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after acquiring an additional 117,337 shares during the period. Finally, Vest Financial LLC boosted its stake in Nordson by 34.1% in the fourth quarter. Vest Financial LLC now owns 124,251 shares of the industrial products company’s stock valued at $32,822,000 after acquiring an additional 31,605 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on NDSN shares. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. DA Davidson lifted their price objective on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company boosted their price objective on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Nordson Price Performance

Shares of NDSN traded up $1.91 during midday trading on Friday, hitting $261.57. 72,718 shares of the company traded hands, compared to its average volume of 209,126. Nordson Co. has a one year low of $208.90 and a one year high of $278.00. The firm has a market cap of $14.96 billion, a P/E ratio of 30.37, a PEG ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. The stock has a 50-day moving average of $266.51 and a 200-day moving average of $249.94.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same quarter in the prior year, the firm posted $1.95 EPS. Nordson’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 1.04%. Nordson’s payout ratio is presently 31.81%.

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.