Raymond James & Associates Acquires 1,318 Shares of Nordson Co. (NASDAQ:NDSN)

Raymond James & Associates raised its holdings in Nordson Co. (NASDAQ:NDSNFree Report) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 271,438 shares of the industrial products company’s stock after purchasing an additional 1,318 shares during the quarter. Raymond James & Associates’ holdings in Nordson were worth $71,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NDSN. D.A. Davidson & CO. increased its stake in shares of Nordson by 18.4% during the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 147 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Nordson by 461.0% during the first quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 4,352 shares during the period. Raymond James Trust N.A. increased its stake in shares of Nordson by 7.5% during the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 150 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Nordson during the first quarter worth approximately $219,000. Finally, Sei Investments Co. increased its stake in shares of Nordson by 2.1% during the first quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock worth $10,615,000 after purchasing an additional 970 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN opened at $268.43 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The stock has a 50 day moving average price of $261.76 and a two-hundred day moving average price of $243.87. The firm has a market capitalization of $15.35 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.01 and a beta of 1.00. Nordson Co. has a 52 week low of $208.77 and a 52 week high of $275.67.

Nordson (NASDAQ:NDSNGet Free Report) last issued 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. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 EPS. Equities analysts forecast that Nordson Co. will post 10.22 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.01%. Nordson’s payout ratio is presently 31.81%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,213 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $250.13, for a total value of $303,407.69. Following the transaction, the executive vice president now owns 7,379 shares in the company, valued at approximately $1,845,709.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Stephen Lovass sold 1,213 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $250.13, for a total value of $303,407.69. Following the transaction, the executive vice president now owns 7,379 shares in the company, valued at approximately $1,845,709.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Srinivas Subramanian sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the transaction, the executive vice president now owns 4,565 shares in the company, valued at approximately $1,144,856.35. The disclosure for this sale can be found here. Insiders have sold 5,313 shares of company stock worth $1,347,427 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NDSN. KeyCorp restated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Wells Fargo & Company lifted their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, DA Davidson boosted their price objective on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average price target of $278.00.

Read Our Latest Research Report on Nordson

Nordson Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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