Kestra Private Wealth Services LLC Sells 4,038 Shares of Nordson Co. (NASDAQ:NDSN)

Kestra Private Wealth Services LLC decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 71.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,586 shares of the industrial products company’s stock after selling 4,038 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Nordson were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDSN. Tobam raised its position in Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Nordson during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC bought a new position in Nordson during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in Nordson during the 4th quarter valued at approximately $28,000. Finally, Smithfield Trust Co raised its position in Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

NDSN has been the subject 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 increased their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Finally, Wells Fargo & Company increased their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Nordson Stock Up 1.9 %

NDSN stock opened at $270.65 on Tuesday. Nordson Co. has a twelve month low of $208.90 and a twelve month high of $278.00. 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 firm has a market cap of $15.48 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The business has a 50 day moving average of $265.89 and a 200 day moving average of $252.26.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The business had revenue of $633.20 million for the quarter, compared to the consensus estimate of $630.77 million. During the same period last year, the business posted $1.95 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 1.00%. Nordson’s dividend payout ratio is 31.81%.

Nordson Company 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.