Nordson Co. (NASDAQ:NDSN) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its stake in Nordson Co. (NASDAQ:NDSN) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,135 shares of the industrial products company’s stock after purchasing an additional 272 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Nordson were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NDSN. Raymond James Financial Inc. acquired a new stake in shares of Nordson in the fourth quarter valued at about $74,005,000. State Street Corp grew its position in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Nordson by 22.5% in the fourth quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock worth $40,399,000 after buying an additional 35,494 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Finally, KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $256.20.

Insider Activity

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock opened at $208.53 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm’s 50-day moving average is $213.27 and its two-hundred day moving average is $234.56. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a market capitalization of $11.87 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $639.40 million. Analysts predict 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 will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 20th. 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.