Roffman Miller Associates Inc. PA Has $31.85 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Roffman Miller Associates Inc. PA grew its position in Nordson Co. (NASDAQ:NDSN) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,229 shares of the industrial products company’s stock after purchasing an additional 469 shares during the period. Nordson comprises approximately 2.0% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 20th biggest holding. Roffman Miller Associates Inc. PA owned about 0.27% of Nordson worth $31,852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NDSN. Creative Financial Designs Inc. ADV raised its holdings in shares of Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after buying an additional 42 shares during the last quarter. Covestor Ltd raised its holdings in shares of 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 buying an additional 43 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Nordson by 3.5% in the third 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 last quarter. UMB Bank n.a. raised its holdings in shares of 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 last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Nordson by 1.7% in the fourth 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 last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s 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 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 legal filing with the SEC, which is available through this link. Insiders own 0.80% of the company’s stock.

Nordson Price Performance

Shares of NDSN opened at $215.44 on Monday. 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 stock has a 50 day simple moving average of $213.85 and a 200 day simple moving average of $238.91. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The firm has a market capitalization of $12.30 billion, a PE ratio of 27.41, a P/E/G ratio of 1.65 and a beta of 0.95.

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 net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is currently 39.69%.

Analysts Set New Price Targets

Several analysts have weighed in on NDSN shares. Robert W. Baird reissued a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson dropped their price objective on 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 Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.33.

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.