Headlands Technologies LLC Buys New Shares in Nordson Co. (NASDAQ:NDSN)

Headlands Technologies LLC purchased a new position in shares of Nordson Co. (NASDAQ:NDSN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,188 shares of the industrial products company’s stock, valued at approximately $249,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Nordson during the 4th quarter worth approximately $98,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Nordson by 166.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company’s stock valued at $100,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

NDSN has been the subject of several research reports. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and increased their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Finally, DA Davidson reduced their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $256.20.

Nordson Price Performance

NDSN stock opened at $176.73 on Friday. The company has a market capitalization of $10.06 billion, a PE ratio of 22.48, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $210.54 and its two-hundred day moving average is $230.39. Nordson Co. has a 52-week low of $173.36 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.

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.