IPG Investment Advisors LLC bought a new stake in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the industrial products company’s stock, valued at approximately $220,000.
Several other hedge funds also recently made changes to their positions in the business. TimesSquare Capital Management LLC boosted its stake in shares of Nordson by 85.3% in the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock valued at $136,453,000 after buying an additional 530,100 shares in the last quarter. FMR LLC boosted its stake in shares of Nordson by 26.9% in the second quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock valued at $55,283,000 after buying an additional 96,598 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Nordson by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 434,341 shares of the industrial products company’s stock valued at $51,470,000 after buying an additional 18,338 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Nordson in the second quarter valued at approximately $425,000. Finally, Ardevora Asset Management LLP boosted its stake in shares of Nordson by 0.7% in the third quarter. Ardevora Asset Management LLP now owns 289,900 shares of the industrial products company’s stock valued at $34,353,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 65.55% of the company’s stock.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. KeyCorp restated a “buy” rating and issued a $145.00 price target on shares of Nordson in a research note on Sunday, November 19th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Nordson in a report on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.40.
In other news, SVP John J. Keane sold 20,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total value of $3,007,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James E. Devries sold 5,800 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the transaction, the vice president now directly owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,597 shares of company stock valued at $12,623,580. Insiders own 2.01% of the company’s stock.
Nordson Co. (NASDAQ NDSN) opened at $136.91 on Tuesday. Nordson Co. has a 1-year low of $107.16 and a 1-year high of $151.84. The firm has a market capitalization of $7,888.74, a price-to-earnings ratio of 26.95, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts anticipate that Nordson Co. will post 6.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. Nordson’s dividend payout ratio (DPR) is 23.62%.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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