Outlook Wealth Advisors LLC Increases Stake in Nordson Co. (NASDAQ:NDSN)

Outlook Wealth Advisors LLC raised its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 26.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,103 shares of the industrial products company’s stock after acquiring an additional 234 shares during the period. Outlook Wealth Advisors LLC’s holdings in Nordson were worth $303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Nordson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock worth $1,603,368,000 after purchasing an additional 20,164 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Nordson by 4.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company’s stock valued at $498,992,000 after acquiring an additional 88,095 shares during the period. Morgan Stanley raised its stake in shares of Nordson by 9.2% during the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock valued at $310,534,000 after acquiring an additional 117,337 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Nordson by 53.4% during the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock worth $176,534,000 after purchasing an additional 275,240 shares during the period. Finally, Invesco Ltd. increased its holdings in Nordson by 9.0% during the 3rd quarter. Invesco Ltd. now owns 781,549 shares of the industrial products company’s stock valued at $174,418,000 after purchasing an additional 64,707 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Stock Up 0.3 %

Shares of NASDAQ NDSN traded up $0.74 on Friday, reaching $260.40. 165,646 shares of the company’s stock traded hands, compared to its average volume of 180,566. 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 business’s 50 day simple moving average is $266.44 and its two-hundred day simple moving average is $250.19. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. During the same quarter in the previous year, the business posted $1.95 EPS. Nordson’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, February 16th. Nordson’s payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of recent analyst reports. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. DA Davidson lifted their price target on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Wells Fargo & Company upped their price objective on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

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.