Thrive Wealth Management LLC Invests $281,000 in Nordson Co. (NASDAQ:NDSN)

Thrive Wealth Management LLC purchased a new position in Nordson Co. (NASDAQ:NDSN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,395 shares of the industrial products company's stock, valued at approximately $281,000.

Other large investors also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in shares of Nordson in the 4th quarter worth about $4,553,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Nordson by 4.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company's stock worth $25,866,000 after buying an additional 4,963 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Nordson in the 4th quarter worth about $372,000. Ossiam lifted its position in shares of Nordson by 60.1% in the 4th quarter. Ossiam now owns 5,011 shares of the industrial products company's stock worth $1,049,000 after buying an additional 1,881 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nordson by 34.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,938 shares of the industrial products company's stock worth $1,888,000 after buying an additional 2,290 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NDSN. 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 report on Monday, February 24th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Robert W. Baird increased their price objective on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Friday, May 30th. Finally, KeyCorp dropped their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, five have issued 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 target price of $253.17.

Nordson Stock Up 0.2%

Nordson stock opened at $213.55 on Friday. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.65 and a beta of 0.89. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $192.36 and its two-hundred day moving average price is $210.61. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.36 by $0.06. The firm had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Nordson's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. On average, analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

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.

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