International Assets Investment Management LLC raised its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 24,445.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,809 shares of the industrial products company's stock after buying an additional 158,162 shares during the period. International Assets Investment Management LLC owned about 0.28% of Nordson worth $41,951,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in Nordson during the 4th quarter valued at $26,000. Sound Income Strategies LLC bought a new position in Nordson in the fourth quarter worth about $27,000. Fortitude Family Office LLC purchased a new stake in shares of Nordson during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company's stock valued at $25,000 after buying an additional 75 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company's stock worth $32,000 after buying an additional 48 shares during the last quarter. Institutional investors own 72.11% of the company's stock.
Insiders Place Their Bets
In other Nordson news, EVP Srinivas Subramanian sold 2,100 shares of the business's stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the transaction, the executive vice president now directly owns 4,565 shares of the company's stock, valued at $1,144,856.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by insiders.
Nordson Stock Performance
Nordson stock traded up $2.51 during trading hours on Tuesday, hitting $273.76. 158,321 shares of the stock traded hands, compared to its average volume of 217,355. The firm's 50 day moving average price is $265.61 and its 200-day moving average price is $246.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.04 and a beta of 1.00. Nordson Co. has a 1 year low of $208.90 and a 1 year high of $278.00.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Nordson's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Nordson Co. will post 10.22 EPS for the current fiscal year.
Nordson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, February 16th. Nordson's payout ratio is 31.81%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on NDSN shares. KeyCorp restated a "sector weight" rating on shares of Nordson in a research note on Monday, February 26th. StockNews.com upgraded Nordson from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. Wells Fargo & Company increased their price target on Nordson from $290.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Finally, DA Davidson boosted their price target on Nordson from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $278.00.
Read Our Latest Report on Nordson
About Nordson
(
Free Report)
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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