Three Seasons Wealth LLC Invests $352,000 in Nordson Co. (NASDAQ:NDSN)

Three Seasons Wealth LLC acquired a new stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,682 shares of the industrial products company's stock, valued at approximately $352,000.

A number of other hedge funds also recently bought and sold shares of the company. New York Life Investment Management LLC lifted its stake in Nordson by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares in the last quarter. UMB Bank n.a. lifted its stake in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after buying an additional 52 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Nordson by 1.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock worth $692,000 after purchasing an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nordson by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock worth $884,000 after purchasing an additional 58 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Nordson by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after purchasing an additional 66 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Down 0.7 %

NDSN traded down $1.36 during midday trading on Wednesday, hitting $187.40. 81,179 shares of the company's stock traded hands, compared to its average volume of 301,220. The company has a market cap of $10.67 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The stock's fifty day simple moving average is $196.96 and its 200-day simple moving average is $220.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a one year low of $165.03 and a one year high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. As a group, equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

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

Analyst Ratings Changes

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

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.