United Asset Strategies Inc. Sells 44 Shares of Nordson Co. (NASDAQ:NDSN)

United Asset Strategies Inc. lessened its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,658 shares of the industrial products company’s stock after selling 44 shares during the period. United Asset Strategies Inc.’s holdings in Nordson were worth $702,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tobam boosted its stake in shares of Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Nordson during the 4th quarter worth about $26,000. Sound Income Strategies LLC acquired a new position in shares of Nordson during the 4th quarter worth about $27,000. Fortitude Family Office LLC acquired a new position in shares of Nordson during the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Nordson by 208.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 0.2 %

Shares of NDSN opened at $262.66 on Wednesday. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The firm’s 50 day moving average is $266.79 and its 200-day moving average is $248.45. The stock has a market capitalization of $15.02 billion, a PE ratio of 30.72, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. Equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current 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 $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.04%. Nordson’s dividend payout ratio is currently 31.81%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NDSN shares. 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 note on Tuesday, February 27th. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, Wells Fargo & Company raised their target price on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

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.