Everpar Advisors LLC Has $337,000 Stock Position in Nordson Co. (NASDAQ:NDSN)

Everpar Advisors LLC lessened its holdings in Nordson Co. (NASDAQ:NDSN) by 15.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,612 shares of the industrial products company’s stock after selling 288 shares during the quarter. Everpar Advisors LLC’s holdings in Nordson were worth $337,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after purchasing an additional 193,421 shares during the last quarter. State Street Corp lifted its stake 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 worth $692,916,000 after buying an additional 177,282 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after buying an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after acquiring an additional 65,436 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDSN has been the subject of a number of recent analyst reports. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Nordson Trading Up 1.1 %

Shares of NDSN opened at $213.82 on Friday. The stock’s 50-day moving average price is $233.09 and its 200 day moving average price is $242.29. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.51 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. As a group, research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.46%. Nordson’s payout ratio is currently 38.47%.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,928 shares of company stock valued at $433,080. Corporate insiders own 0.86% of the company’s stock.

About Nordson

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.