35,949 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by Crown Oak Advisors LLC

Crown Oak Advisors LLC purchased a new stake 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 35,949 shares of the industrial products company's stock, valued at approximately $9,496,000. Nordson comprises 5.6% of Crown Oak Advisors LLC's holdings, making the stock its 7th biggest holding. Crown Oak Advisors LLC owned about 0.06% of Nordson at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its stake in Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Tobam increased its holdings in shares of Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 91 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Nordson in the fourth quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in shares of Nordson during the fourth quarter worth about $27,000. Finally, Fortitude Family Office LLC purchased a new stake in Nordson in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Trading Down 1.6 %

Shares of Nordson stock traded down $4.24 during mid-day trading on Friday, hitting $264.65. The stock had a trading volume of 218,669 shares, compared to its average volume of 216,356. The firm has a market cap of $15.14 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. Nordson Co. has a 12-month low of $208.90 and a 12-month high of $278.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $266.40 and a two-hundred day moving average of $247.69.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same period in the prior year, the business posted $1.95 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, February 16th. Nordson's dividend payout ratio is currently 31.81%.

Analyst Ratings Changes

NDSN has been the subject of a number of recent research reports. KeyCorp reissued a "sector weight" rating on shares of Nordson in a research report on Monday, February 26th. Wells Fargo & Company raised their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. StockNews.com lowered shares of Nordson from a "buy" rating to a "hold" rating in a report on Thursday. Finally, DA Davidson increased their price target on Nordson from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $278.00.

Nordson Company 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.