Highwater Wealth Management LLC acquired a new position in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,348 shares of the industrial products company’s stock, valued at approximately $7,371,000. Nordson comprises 15.8% of Highwater Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Highwater Wealth Management LLC owned 0.09% of Nordson at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Nordson during the 2nd quarter worth approximately $104,000. D.A. Davidson & CO. lifted its holdings in Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,507 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in Nordson during the 2nd quarter worth approximately $210,000. Finally, Bridgewater Associates LP acquired a new stake in Nordson during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.
In other Nordson news, SVP John J. Keane sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $150.35, for a total transaction of $3,007,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joseph Stockunas sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $146.13, for a total transaction of $730,650.00. Following the transaction, the vice president now directly owns 14,933 shares in the company, valued at $2,182,159.29. The disclosure for this sale can be found here. Insiders sold a total of 78,797 shares of company stock worth $11,760,192 over the last ninety days. Insiders own 2.15% of the company’s stock.
Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. equities analysts expect that Nordson Co. will post 6.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is 23.62%.
NDSN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $145.00 target price on shares of Nordson in a report on Sunday, November 19th. SunTrust Banks reissued a “buy” rating and issued a $135.00 price objective on shares of Nordson in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $138.00 price objective on shares of Nordson in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $147.40.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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