Raymond James Trust N.A. Acquires New Stake in Nordson Co. (NDSN)

Raymond James Trust N.A. acquired a new position in shares of Nordson Co. (NASDAQ:NDSN) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,701 shares of the industrial products company’s stock, valued at approximately $249,000.

Several other hedge funds have also recently bought and sold shares of the company. Opus Capital Group LLC acquired a new position in shares of Nordson during the fourth quarter worth about $284,000. US Bancorp DE boosted its position in Nordson by 18.7% during the fourth quarter. US Bancorp DE now owns 10,131 shares of the industrial products company’s stock valued at $1,483,000 after purchasing an additional 1,596 shares during the last quarter. Aperio Group LLC boosted its position in Nordson by 3.7% during the fourth quarter. Aperio Group LLC now owns 21,215 shares of the industrial products company’s stock valued at $3,106,000 after purchasing an additional 759 shares during the last quarter. Victory Capital Management Inc. boosted its position in Nordson by 12.5% during the fourth quarter. Victory Capital Management Inc. now owns 15,256 shares of the industrial products company’s stock valued at $2,233,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Parametrica Management Ltd boosted its position in Nordson by 68.3% during the fourth quarter. Parametrica Management Ltd now owns 3,533 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 1,434 shares during the last quarter. 65.70% of the stock is owned by institutional investors.

Several research analysts recently commented on NDSN shares. SunTrust Banks increased their price target on Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. KeyCorp reissued a “buy” rating and set a $145.00 price target on shares of Nordson in a research report on Thursday, October 12th. Finally, Barrington Research reissued a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $147.40.

Shares of Nordson Co. (NASDAQ NDSN) opened at $133.65 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a market capitalization of $7,956.38, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. Nordson Co. has a 52 week low of $107.16 and a 52 week high of $151.84.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. equities research analysts forecast that Nordson Co. will post 6.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 0.90%. Nordson’s dividend payout ratio is 23.62%.

In other Nordson news, SVP John J. Keane sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total value of $3,007,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert E. Veillette sold 1,594 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total value of $226,650.86. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock worth $12,623,580 in the last 90 days. Corporate insiders own 2.01% of the company’s stock.

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Nordson Company Profile

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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