Vest Financial LLC Buys 20,929 Shares of Nordson Co. (NASDAQ:NDSN)

Vest Financial LLC boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,038 shares of the industrial products company’s stock after buying an additional 20,929 shares during the quarter. Vest Financial LLC owned approximately 0.40% of Nordson worth $47,715,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after purchasing an additional 14,780 shares during the period. JPMorgan Chase & Co. raised its position in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Nordson by 5.7% in the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock worth $86,727,000 after buying an additional 17,732 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 buying an additional 61,430 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDSN has been the topic of several recent research reports. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and increased their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $279.25.

Nordson Stock Performance

Shares of NDSN stock opened at $214.39 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.24 billion, a PE ratio of 26.44, a PEG ratio of 1.62 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The business’s fifty day simple moving average is $220.40 and its 200-day simple moving average is $240.63.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results 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 company had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same period last year, the business posted $2.46 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.46%. Nordson’s payout ratio is 38.47%.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,928 shares of company stock valued at $433,080. Insiders own 0.80% of the company’s stock.

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.