Nordson Co. (NASDAQ:NDSN) Shares Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its holdings in Nordson Co. (NASDAQ:NDSN) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,205 shares of the industrial products company’s stock after acquiring an additional 252 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Nordson were worth $478,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after buying an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. raised its position in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Holocene Advisors LP lifted its holdings in Nordson by 113.8% in the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after acquiring an additional 15,524 shares during the period. Worldquant Millennium Advisors LLC boosted its position in Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Nordson during the 4th quarter worth approximately $4,553,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NDSN shares. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research note on Tuesday, March 4th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and lifted their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $256.20.

Nordson Trading Up 1.2 %

NDSN stock opened at $203.35 on Thursday. The business’s 50-day moving average is $212.03 and its 200 day moving average is $231.24. 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 $11.57 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last issued 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 firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Insider Activity at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the business’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 transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

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.