2,033 Shares in Nordson Co. (NASDAQ:NDSN) Bought by Heritage Wealth Management LLC

Heritage Wealth Management LLC acquired a new stake in shares of Nordson Co. (NASDAQ:NDSN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,033 shares of the industrial products company’s stock, valued at approximately $537,000.

Several other institutional investors have also added to or reduced their stakes in NDSN. Tobam lifted its holdings in shares of Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Nordson in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in Nordson during the fourth quarter valued at about $27,000. Fortitude Family Office LLC bought a new position in Nordson in the 4th quarter worth approximately $28,000. Finally, Smithfield Trust Co grew its holdings in Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Nordson Price Performance

NDSN stock traded up $1.40 during midday trading on Thursday, hitting $262.35. 33,706 shares of the stock were exchanged, compared to its average volume of 208,347. The stock’s 50-day moving average price is $266.27 and its 200-day moving average price is $251.07. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.95 and a beta of 1.00. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19.

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

Nordson Dividend Announcement

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

About Nordson

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.