Pinnacle Wealth Planning Services Inc. Has $1.34 Million Position in Nordson Co. (NASDAQ:NDSN)

Pinnacle Wealth Planning Services Inc. reduced its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,399 shares of the industrial products company’s stock after selling 105 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Nordson were worth $1,339,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Covestor Ltd grew its stake in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the period. QRG Capital Management Inc. grew its stake in shares of Nordson by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after buying an additional 49 shares during the period. New York Life Investment Management LLC grew its stake in shares of Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock valued at $1,530,000 after buying an additional 49 shares during the period. UMB Bank n.a. grew its stake in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. grew its stake in shares of Nordson by 1.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock valued at $692,000 after buying an additional 56 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research report on Tuesday. DA Davidson dropped their price target 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. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Nordson Trading Up 1.9 %

Shares of NDSN stock opened at $210.44 on Thursday. The company has a 50 day moving average of $213.27 and a 200-day moving average of $237.61. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The firm has a market cap of $11.98 billion, a P/E ratio of 26.77, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.48%. Nordson’s dividend payout ratio is 39.69%.

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.