Nordson Co. (NASDAQ:NDSN) Stock Position Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,555 shares of the industrial products company’s stock after purchasing an additional 832 shares during the period. Exchange Traded Concepts LLC’s holdings in Nordson were worth $13,507,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in shares of Nordson by 15.5% in the fourth quarter. Sound Income Strategies LLC now owns 871 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 117 shares in the last quarter. Crown Oak Advisors LLC increased its stake in Nordson by 10.2% in the 4th quarter. Crown Oak Advisors LLC now owns 37,761 shares of the industrial products company’s stock valued at $7,901,000 after buying an additional 3,510 shares during the period. Cornerstone Wealth Management LLC increased its stake in Nordson by 2.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 16,187 shares of the industrial products company’s stock valued at $3,387,000 after buying an additional 367 shares during the period. Inspire Investing LLC lifted its position in Nordson by 1.8% in the 4th quarter. Inspire Investing LLC now owns 6,276 shares of the industrial products company’s stock worth $1,313,000 after buying an additional 110 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Nordson by 7.6% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,310 shares of the industrial products company’s stock valued at $902,000 after buying an additional 305 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,928 shares of company stock valued at $433,080. 0.86% of the stock is owned by insiders.

Nordson Stock Down 0.3 %

Shares of NDSN stock opened at $218.79 on Friday. The stock’s 50 day simple moving average is $229.01 and its 200 day simple moving average is $241.97. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.65 and a beta of 0.95.

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. The company had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and increased their price objective for the stock from $255.00 to $280.00 in a report on Wednesday. DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four 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 MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus target price of $279.25.

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.