Park Avenue Securities LLC Buys 682 Shares of Nordson Co. (NASDAQ:NDSN)

Park Avenue Securities LLC grew its stake in shares of Nordson Co. (NASDAQ:NDSN) by 17.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,615 shares of the industrial products company’s stock after acquiring an additional 682 shares during the quarter. Park Avenue Securities LLC’s holdings in Nordson were worth $966,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Nordson by 437.7% during the 2nd quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company’s stock worth $14,497,000 after buying an additional 50,877 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Price Performance

Shares of NDSN opened at $216.38 on Tuesday. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The business has a 50-day simple moving average of $231.29 and a two-hundred day simple moving average of $242.33. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.34 billion, a PE ratio of 26.68, a PEG ratio of 1.51 and a beta of 0.95.

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 return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period last year, the company earned $2.46 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Transactions at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 over the last ninety days. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NDSN. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

About Nordson

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.