Kestra Private Wealth Services LLC Has $459,000 Stake in Nordson Co. (NASDAQ:NDSN)

Kestra Private Wealth Services LLC lifted its position in Nordson Co. (NASDAQ:NDSN) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,193 shares of the industrial products company’s stock after purchasing an additional 167 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Nordson were worth $459,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Creative Planning raised its stake in Nordson by 16.0% during the third quarter. Creative Planning now owns 4,147 shares of the industrial products company’s stock worth $1,089,000 after acquiring an additional 572 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Nordson during the third quarter worth $209,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Nordson by 28.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,340 shares of the industrial products company’s stock worth $1,665,000 after purchasing an additional 1,411 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of Nordson during the third quarter worth $260,000. Finally, Blue Trust Inc. grew its holdings in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.4 %

NASDAQ:NDSN opened at $216.42 on Friday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.95. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The stock’s 50 day moving average price is $216.37 and its two-hundred day moving average price is $239.69. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72.

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

Nordson Announces Dividend

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

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, 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 SEC, which can be accessed through this link. In the last three months, insiders sold 1,703 shares of company stock worth $374,069. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

NDSN has been the topic of several research analyst reports. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and raised their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average price target 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.