Bryn Mawr Capital Management LLC Purchases Shares of 1,021 Nordson Co. (NASDAQ:NDSN)

Bryn Mawr Capital Management LLC bought a new stake in shares of Nordson Co. (NASDAQ:NDSN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,021 shares of the industrial products company’s stock, valued at approximately $214,000.

A number of other institutional investors also recently modified their holdings of NDSN. Bank of New York Mellon Corp lifted its stake in shares of Nordson by 6.0% in the 4th 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 purchasing an additional 28,967 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Nordson by 13.4% in the 4th quarter. IFP Advisors Inc now owns 975 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 115 shares during the last quarter. Roffman Miller Associates Inc. PA lifted its stake in shares of Nordson by 0.3% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 152,229 shares of the industrial products company’s stock valued at $31,852,000 after purchasing an additional 469 shares during the last quarter. World Equity Group Inc. bought a new position in Nordson in the 4th quarter worth $233,000. Finally, Navellier & Associates Inc. raised its holdings in Nordson by 15.6% in the 4th quarter. Navellier & Associates Inc. now owns 1,848 shares of the industrial products company’s stock worth $387,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Activity

In other news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Nordson Stock Down 0.7 %

Shares of NDSN opened at $209.50 on Friday. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a 50-day moving average price of $213.42 and a two-hundred day moving average price of $238.22. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Equities analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NDSN shares. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a report on Monday. Finally, Seaport Res Ptn upgraded 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, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.25.

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.