Roffman Miller Associates Inc. PA Sells 1,115 Shares of Nordson Co. (NASDAQ:NDSN)

Roffman Miller Associates Inc. PA trimmed its stake in Nordson Co. (NASDAQ:NDSN) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,283 shares of the industrial products company’s stock after selling 1,115 shares during the period. Nordson comprises about 2.8% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 11th largest position. Roffman Miller Associates Inc. PA owned 0.26% of Nordson worth $39,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its stake in shares of Nordson by 208.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Tobam raised its position in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Nordson in the 4th quarter valued at $26,000. Sound Income Strategies LLC acquired a new position in Nordson in the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Nordson in the fourth quarter valued at $28,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nordson Trading Up 0.7 %

NDSN traded up $1.91 during trading on Friday, reaching $261.57. 72,718 shares of the company’s stock were exchanged, compared to its average volume of 209,126. The company’s fifty day moving average price is $266.51 and its 200-day moving average price is $249.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The firm has a market capitalization of $14.96 billion, a PE ratio of 30.37, a P/E/G ratio of 1.96 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.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. Nordson’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. As a group, equities analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a dividend of $0.68 per share. 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 payout ratio is 31.81%.

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.