Mcdonald Partners LLC Has $1.34 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Mcdonald Partners LLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,425 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. Mcdonald Partners LLC’s holdings in Nordson were worth $1,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDSN. Venturi Wealth Management LLC raised its holdings in shares of Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 66 shares during the period. CIBC Asset Management Inc grew its position in Nordson by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 11,477 shares of the industrial products company’s stock worth $2,401,000 after purchasing an additional 268 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Nordson during the 4th quarter valued at $4,553,000. Allworth Financial LP lifted its holdings in shares of Nordson by 1.1% in the fourth quarter. Allworth Financial LP now owns 11,258 shares of the industrial products company’s stock valued at $2,470,000 after purchasing an additional 117 shares in the last quarter. Finally, Roman Butler Fullerton & Co. lifted its holdings in shares of Nordson by 10.4% in the fourth quarter. Roman Butler Fullerton & Co. now owns 926 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 87 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.4 %

Shares of Nordson stock opened at $216.42 on Tuesday. The stock has a 50-day simple moving average of $215.59 and a 200-day simple moving average of $239.43. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51.

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

Nordson Dividend Announcement

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

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction 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 $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,703 shares of company stock worth $374,069 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NDSN shares. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson lowered their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four 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. Based on data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Company 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.