Advisor OS LLC Has $409,000 Stake in Nordson Co. (NASDAQ:NDSN)

Advisor OS LLC decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,955 shares of the industrial products company’s stock after selling 1,718 shares during the quarter. Advisor OS LLC’s holdings in Nordson were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NDSN. State Street Corp increased its stake in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the period. Natixis Advisors LLC increased its stake in shares of 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 increased its stake in shares of 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. JPMorgan Chase & Co. increased its stake in shares of 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. Finally, Bank of New York Mellon Corp increased its stake in shares of Nordson by 6.0% in the fourth quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock valued at $106,762,000 after buying an additional 28,967 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $209.50 on Friday. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The stock’s 50 day moving average price is $213.42 and its two-hundred day moving average price is $238.22. 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 market capitalization of $11.96 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.65 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) 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 firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, equities analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 39.69%.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NDSN shares. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research report on Monday. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

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.