Heritage Family Offices LLP Boosts Stock Position in Nordson Co. (NASDAQ:NDSN)

Heritage Family Offices LLP grew its position in shares of Nordson Co. (NASDAQ:NDSN) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,055 shares of the industrial products company’s stock after purchasing an additional 211 shares during the quarter. Heritage Family Offices LLP’s holdings in Nordson were worth $415,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock worth $39,000 after buying an additional 89 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after buying an additional 115 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Nordson during the fourth quarter worth about $62,000. Canada Post Corp Registered Pension Plan purchased a new position in shares of Nordson during the fourth quarter worth about $92,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Nordson during the fourth quarter worth about $98,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research reports. Oppenheimer raised Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a report on Friday. KeyCorp lowered their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird raised their price objective on shares of Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Friday. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average target price of $253.17.

Nordson Price Performance

NDSN stock opened at $212.18 on Tuesday. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $266.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The stock’s 50 day moving average price is $191.75 and its 200 day moving average price is $210.86. The firm has a market cap of $12.08 billion, a P/E ratio of 26.99, a PEG ratio of 1.65 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The firm had revenue of $682.94 million for the quarter, compared to analyst estimates of $671.36 million. During the same quarter last year, the firm posted $2.34 earnings per share. Nordson’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.47%. Nordson’s dividend payout ratio is currently 40.10%.

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.