Captrust Financial Advisors Has $581,000 Stake in Nordson Co. (NASDAQ:NDSN)

Captrust Financial Advisors increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,776 shares of the industrial products company’s stock after acquiring an additional 390 shares during the quarter. Captrust Financial Advisors’ holdings in Nordson were worth $581,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NDSN. Park Avenue Securities LLC grew its holdings in shares of Nordson by 17.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,615 shares of the industrial products company’s stock valued at $966,000 after buying an additional 682 shares during the last quarter. Brooklyn Investment Group boosted its stake in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares during the last quarter. UMB Bank n.a. increased its holdings in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Nordson by 7.6% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,310 shares of the industrial products company’s stock worth $902,000 after purchasing an additional 305 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Nordson by 1.8% in the fourth quarter. Inspire Investing LLC now owns 6,276 shares of the industrial products company’s stock worth $1,313,000 after purchasing an additional 110 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN opened at $205.35 on Monday. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $272.27. The firm has a 50-day moving average of $192.92 and a 200 day moving average of $215.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm has a market cap of $11.69 billion, a P/E ratio of 26.13, a PEG ratio of 1.65 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, research analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent research reports. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and upped their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Finally, KeyCorp dropped their price target on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.20.

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.