Cypress Advisory Group LLC Acquires New Stake in Nordson Co. (NASDAQ:NDSN)

Cypress Advisory Group LLC purchased a new position in Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,662 shares of the industrial products company's stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NDSN. JPMorgan Chase & Co. lifted its position in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after purchasing an additional 48,720 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Nordson in the 4th quarter valued at approximately $4,553,000. Principal Financial Group Inc. boosted its position in Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock worth $77,723,000 after acquiring an additional 13,184 shares during the period. Southern Style Financial Inc. purchased a new stake in Nordson in the 4th quarter worth approximately $399,000. Finally, Clark & Stuart Inc acquired a new position in Nordson in the 4th quarter worth about $4,137,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Down 1.3 %

Shares of NASDAQ NDSN traded down $2.39 during mid-day trading on Tuesday, reaching $188.51. 103,300 shares of the company's stock were exchanged, compared to its average volume of 304,434. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.65 and a beta of 0.90. 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 Co. has a twelve month low of $165.03 and a twelve month high of $279.38. The business has a fifty day simple moving average of $195.15 and a 200 day simple moving average of $218.44.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share 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 the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.66%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Analyst Ratings Changes

A number of brokerages have recently commented on NDSN. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and increased their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Finally, KeyCorp reduced their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

About Nordson

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.