Nordson Co. (NASDAQ:NDSN) Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Nordson Co. (NASDAQ:NDSN) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,458 shares of the industrial products company’s stock after acquiring an additional 148 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Nordson were worth $1,561,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. lifted its holdings in shares of Nordson by 26.1% in 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 during the last quarter. Brooklyn Investment Group lifted its stake in Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the period. Quarry LP bought a new position in shares of Nordson during the third quarter worth about $109,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Nordson in the 4th quarter worth about $179,000. 72.11% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of analyst reports. 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. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

Nordson Price Performance

NASDAQ NDSN opened at $207.10 on Tuesday. The firm has a market capitalization of $11.79 billion, a PE ratio of 26.35, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company’s 50 day simple moving average is $213.38 and its 200 day simple moving average is $237.84.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. As a group, equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.51%. Nordson’s dividend payout ratio (DPR) is 39.69%.

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.