Everpar Advisors LLC Makes New $932,000 Investment in Nordson Co. (NASDAQ:NDSN)

Everpar Advisors LLC bought a new position in shares of Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,529 shares of the industrial products company’s stock, valued at approximately $932,000.

Other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC raised its holdings in shares of Nordson by 3.6% in the third quarter. Ieq Capital LLC now owns 1,381 shares of the industrial products company’s stock valued at $308,000 after purchasing an additional 48 shares during the last quarter. Quent Capital LLC grew its stake in shares of Nordson by 64.9% in the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Nordson by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 1,766 shares of the industrial products company’s stock valued at $394,000 after buying an additional 51 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Nordson by 5.5% in the third quarter. Fifth Third Bancorp now owns 992 shares of the industrial products company’s stock valued at $221,000 after buying an additional 52 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Nordson by 5.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,043 shares of the industrial products company’s stock valued at $233,000 after buying an additional 53 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NDSN shares. Wells Fargo & Company raised their target price on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. DA Davidson raised their target price on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, KeyCorp reissued 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 company. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Nordson Stock Performance

NDSN stock traded down $1.06 during midday trading on Wednesday, reaching $271.00. 297,986 shares of the company were exchanged, compared to its average volume of 211,128. 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 business has a 50-day moving average price of $265.98 and a two-hundred day moving average price of $252.66. Nordson Co. has a one year low of $208.90 and a one year high of $278.00. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 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 firm had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. During the same period in the previous year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

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.