Klein Pavlis & Peasley Financial Inc. Purchases 56 Shares of Nordson Co. (NASDAQ:NDSN)

Klein Pavlis & Peasley Financial Inc. increased its position in Nordson Co. (NASDAQ:NDSN) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,308 shares of the industrial products company’s stock after buying an additional 56 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Nordson were worth $692,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Nordson in the 3rd quarter worth approximately $53,000. UMB Bank n.a. grew its holdings in 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 raised its position in shares of Nordson by 18.8% during 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. Finally, Brooklyn Investment Group lifted its holdings in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NDSN. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and increased their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. DA Davidson reduced their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.25.

Nordson Stock Down 0.7 %

Shares of NDSN opened at $215.55 on Thursday. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a market cap of $12.31 billion, a PE ratio of 26.58, a P/E/G ratio of 1.66 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $222.21 and a 200 day moving average of $240.99.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 EPS. On average, sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared 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 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 38.47%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at $1,738,159.50. This represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock valued at $433,080 in the last quarter. 0.80% of the stock is owned by insiders.

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.