Independent Advisor Alliance Boosts Holdings in Nordson Co. (NASDAQ:NDSN)

Independent Advisor Alliance raised its holdings in Nordson Co. (NASDAQ:NDSNFree Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. Independent Advisor Alliance’s holdings in Nordson were worth $524,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Advocates Investment Management acquired a new position in shares of Nordson in the fourth quarter worth $263,000. Navellier & Associates Inc. grew its holdings in shares of Nordson by 32.8% during the fourth quarter. Navellier & Associates Inc. now owns 2,096 shares of the industrial products company’s stock worth $554,000 after buying an additional 518 shares in the last quarter. Fiera Capital Corp raised its position in shares of Nordson by 0.9% in the fourth quarter. Fiera Capital Corp now owns 210,916 shares of the industrial products company’s stock valued at $55,716,000 after buying an additional 1,833 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Nordson by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock worth $782,000 after purchasing an additional 133 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of Nordson during the fourth quarter worth $374,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of NDSN stock opened at $268.41 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.05 and a beta of 1.00. Nordson Co. has a one year low of $208.90 and a one year high of $279.38. The company’s 50-day simple moving average is $267.42 and its 200-day simple moving average is $256.48.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. Equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 1.01%. Nordson’s payout ratio is currently 31.81%.

Analyst Ratings Changes

A number of analysts have issued reports on NDSN shares. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. DA Davidson raised their target price on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Nordson from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company upped their price objective on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Check Out Our Latest Analysis on NDSN

About Nordson

(Free Report)

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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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