AlphaQuest LLC Purchases New Shares in Nordson Co. (NASDAQ:NDSN)

AlphaQuest LLC purchased a new stake in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,710 shares of the industrial products company’s stock, valued at approximately $1,195,000.

Several other large investors have also added to or reduced their stakes in NDSN. UMB Bank n.a. boosted its holdings in shares of Nordson by 26.1% during 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 in the last quarter. Covestor Ltd boosted its holdings in shares of Nordson by 18.8% during 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 in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares in the last quarter. Quarry LP bought a new stake in shares of Nordson during the 3rd quarter valued at $109,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Nordson during the 3rd quarter valued at $203,000. Institutional investors own 72.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the company’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 completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of 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. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, 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 note 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. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $215.31 on Monday. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The business has a 50-day simple moving average of $213.28 and a two-hundred day simple moving average of $236.98. 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 firm has a market cap of $12.25 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $639.40 million. On average, analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is 39.69%.

About Nordson

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.