Metis Global Partners LLC Grows Holdings in Nordson Co. (NASDAQ:NDSN)

Metis Global Partners LLC increased its stake in Nordson Co. (NASDAQ:NDSN) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,811 shares of the industrial products company’s stock after buying an additional 69 shares during the period. Metis Global Partners LLC’s holdings in Nordson were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NDSN. Stephens Inc. AR increased its position in shares of Nordson by 11.4% in the 3rd quarter. Stephens Inc. AR now owns 1,542 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 158 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Nordson by 110.5% in the third quarter. Harbor Capital Advisors Inc. now owns 6,371 shares of the industrial products company’s stock valued at $1,673,000 after buying an additional 3,345 shares during the last quarter. Van ECK Associates Corp raised its stake in Nordson by 11.0% during the third quarter. Van ECK Associates Corp now owns 8,575 shares of the industrial products company’s stock valued at $2,143,000 after buying an additional 851 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Nordson by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 40,606 shares of the industrial products company’s stock worth $10,656,000 after buying an additional 800 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position 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 worth $380,000 after acquiring an additional 49 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s 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 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 can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Nordson Trading Up 1.9 %

Shares of NASDAQ:NDSN opened at $210.44 on Thursday. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a market cap of $11.98 billion, a PE ratio of 26.77, a P/E/G ratio of 1.65 and a beta of 0.92. The company’s 50-day moving average price is $213.27 and its 200 day moving average price is $237.61.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data 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 business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

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

Wall Street Analysts Forecast Growth

NDSN has been the topic of several research reports. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.20.

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.