Symphony Financial Ltd. Co. Has $1.23 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Symphony Financial Ltd. Co. raised its position in Nordson Co. (NASDAQ:NDSN) by 14.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,597 shares of the industrial products company’s stock after buying an additional 726 shares during the period. Symphony Financial Ltd. Co.’s holdings in Nordson were worth $1,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Nordson during the third quarter worth approximately $53,000. UMB Bank n.a. lifted its holdings in Nordson by 26.1% in the fourth 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. Covestor Ltd boosted its stake in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of NDSN opened at $220.22 on Friday. The firm has a market capitalization of $12.57 billion, a PE ratio of 27.15, a P/E/G ratio of 1.64 and a beta of 0.95. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a 50 day simple moving average of $224.86 and a 200 day simple moving average of $241.49.

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

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird reissued a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.25.

Insider Activity 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. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,928 shares of company stock valued at $433,080. 0.80% of the stock is owned by insiders.

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.