Allworth Financial LP Increases Stake in Nordson Co. (NASDAQ:NDSN)

Allworth Financial LP lifted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,258 shares of the industrial products company’s stock after acquiring an additional 117 shares during the period. Allworth Financial LP’s holdings in Nordson were worth $2,470,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NDSN. State Street Corp lifted its holdings in shares of 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 during the period. International Assets Investment Management LLC lifted its holdings in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after acquiring an additional 103,653 shares during the period. Natixis Advisors LLC raised its holdings in Nordson by 71.0% in the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after buying an additional 65,436 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after buying an additional 48,720 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % 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. Over the last three months, insiders have sold 1,703 shares of company stock worth $374,069. 0.80% of the stock is owned by insiders.

Nordson Stock Performance

NDSN stock opened at $216.42 on Tuesday. 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 market capitalization of $12.36 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.62 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock’s fifty day moving average is $215.59 and its two-hundred day moving average is $239.43.

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. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.46 earnings per share. On average, research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

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

Wall Street Analyst Weigh In

NDSN has been the topic of several research reports. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson lowered their price objective 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. Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $279.25.

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.