21,761 Shares in Nordson Co. (NASDAQ:NDSN) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Nordson Co. (NASDAQ:NDSN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,761 shares of the industrial products company’s stock, valued at approximately $4,553,000.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the last quarter. UMB Bank n.a. grew its position in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the last quarter. Covestor Ltd raised its stake in Nordson by 18.8% during 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 during the period. Brooklyn Investment Group lifted its holdings in Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Nordson by 84.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 166 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. DA Davidson reduced 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. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Nordson Trading Down 0.4 %

Nordson stock opened at $216.42 on Monday. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The stock has a market capitalization of $12.35 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.95. The firm has a 50 day simple moving average of $216.37 and a 200-day simple moving average of $239.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the previous year, the business earned $2.46 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,703 shares of company stock valued at $374,069 in the last quarter. Insiders own 0.80% of the company’s stock.

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.