Klein Pavlis & Peasley Financial Inc. Raises Holdings in Nordson Co. (NASDAQ:NDSN)

Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,308 shares of the industrial products company’s stock after acquiring an additional 56 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Nordson were worth $692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NDSN. Procyon Advisors LLC boosted its stake in Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after buying an additional 42 shares during the last quarter. Covestor Ltd boosted its holdings in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Insider Activity

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock worth $433,080 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Nordson Stock Performance

NASDAQ NDSN opened at $215.55 on Thursday. The firm has a market capitalization of $12.31 billion, a P/E ratio of 26.58, a PEG ratio of 1.66 and a beta of 0.95. The stock has a 50-day simple moving average of $222.21 and a two-hundred day simple moving average of $240.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is currently 38.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NDSN. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and upped their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four investment 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, the stock has a consensus 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.