Nordson Co. (NASDAQ:NDSN) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,223 shares of the industrial products company’s stock after purchasing an additional 58 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Nordson were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NDSN. State Street Corp raised its stake in 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 acquiring an additional 177,282 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Nordson by 2.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nordson by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after purchasing an additional 14,780 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nordson by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after purchasing an additional 47,865 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Robert W. Baird restated 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. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Finally, Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $279.00.

Insider Buying and Selling

In other Nordson 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 transaction of $268,620.21. Following the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock valued at $433,080 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Nordson Trading Up 2.0 %

Shares of NDSN stock opened at $211.48 on Thursday. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $235.08 and its two-hundred day moving average is $242.71. The company has a market capitalization of $12.06 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Nordson’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $2.46 EPS. Equities analysts forecast that Nordson Co. will post 10.34 EPS for the current year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.48%. Nordson’s dividend payout ratio is currently 38.47%.

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.