Sound Income Strategies LLC Buys 117 Shares of Nordson Co. (NASDAQ:NDSN)

Sound Income Strategies LLC raised its position in Nordson Co. (NASDAQ:NDSN) by 15.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 871 shares of the industrial products company’s stock after purchasing an additional 117 shares during the period. Sound Income Strategies LLC’s holdings in Nordson were worth $182,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Nordson during the 3rd quarter valued at about $53,000. UMB Bank n.a. grew its stake in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares during the period. Brooklyn Investment Group increased 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 purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the period. 72.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Nordson Price Performance

NDSN opened at $218.07 on Friday. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 1.65 and a beta of 0.95. The firm’s fifty day moving average price is $228.28 and its two-hundred day moving average price is $241.91.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

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

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.