Signaturefd LLC Sells 262 Shares of Nordson Co. (NASDAQ:NDSN)

Signaturefd LLC decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 25.9% during the 4th quarter, Holdings Channel reports. The firm owned 750 shares of the industrial products company’s stock after selling 262 shares during the quarter. Signaturefd LLC’s holdings in Nordson were worth $198,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Tobam increased its stake in Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Nordson in the 4th quarter valued at about $26,000. Sound Income Strategies LLC bought a new stake in Nordson in the 4th quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in Nordson during the 4th quarter worth approximately $28,000. Finally, Smithfield Trust Co boosted its holdings in Nordson by 105.6% in the third quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NDSN. StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. KeyCorp restated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. DA Davidson raised their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Nordson Stock Up 0.3 %

Shares of NASDAQ:NDSN opened at $260.40 on Friday. Nordson Co. has a 1 year low of $208.90 and a 1 year high of $278.00. The company has a market capitalization of $14.89 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The business has a fifty day moving average price of $266.44 and a two-hundred day moving average price of $250.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. Analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.04%. Nordson’s dividend payout ratio (DPR) is presently 31.81%.

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.