Raymond James Financial Services Advisors Inc. Has $3.17 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Raymond James Financial Services Advisors Inc. trimmed its position in Nordson Co. (NASDAQ:NDSN – Get Rating) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,334 shares of the industrial products company’s stock after selling 51 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Nordson were worth $3,170,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NDSN. Salem Investment Counselors Inc. acquired a new stake in shares of Nordson in the 2nd quarter valued at approximately $31,000. Asset Dedication LLC increased its stake in Nordson by 1,258.3% during the 4th quarter. Asset Dedication LLC now owns 163 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 151 shares in the last quarter. Bessemer Group Inc. increased its stake in Nordson by 33.1% during the 3rd quarter. Bessemer Group Inc. now owns 213 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 53 shares in the last quarter. Romano Brothers AND Company bought a new stake in Nordson during the 4th quarter worth approximately $58,000. Finally, Belpointe Asset Management LLC bought a new stake in Nordson during the 4th quarter worth approximately $58,000. 70.40% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.2 %

NDSN stock opened at $217.17 on Monday. The company has a market cap of $12.44 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. The business has a 50-day simple moving average of $214.76 and a 200 day simple moving average of $227.54. Nordson Co. has a 52 week low of $194.89 and a 52 week high of $251.26. The company has a quick ratio of 0.89, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Nordson (NASDAQ:NDSN – Get Rating) last released its earnings results on Tuesday, February 21st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). Nordson had a net margin of 19.18% and a return on equity of 23.67%. The business had revenue of $610.48 million during the quarter, compared to the consensus estimate of $625.87 million. During the same quarter in the prior year, the firm earned $2.07 EPS. Sell-side analysts anticipate that Nordson Co. will post 9.04 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Monday, May 22nd. Nordson’s dividend payout ratio is presently 30.30%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NDSN. Loop Capital lowered their target price on Nordson from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Tuesday, March 21st. StockNews.com started coverage on shares of Nordson in a research note on Thursday. They set a “hold” rating for the company. Finally, Robert W. Baird decreased their price target on shares of Nordson from $259.00 to $241.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $250.20.

Nordson Company Profile

(Get Rating)

Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.