Venturi Wealth Management LLC Buys 66 Shares of Nordson Co. (NASDAQ:NDSN)

Venturi Wealth Management LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,493 shares of the industrial products company’s stock after acquiring an additional 66 shares during the period. Venturi Wealth Management LLC’s holdings in Nordson were worth $312,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the period. Brooklyn Investment Group raised its holdings in Nordson by 695.0% in the 4th 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 position in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after buying an additional 43 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Nordson by 84.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NDSN. Seaport Res Ptn upgraded shares of 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 report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. 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. Finally, DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $279.25.

Nordson Stock Performance

Shares of NDSN opened at $218.45 on Friday. The firm’s fifty day simple moving average is $214.07 and its two-hundred day simple moving average is $238.98. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $12.47 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. As a group, analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business 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. This represents a $3.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 1,703 shares of company stock worth $374,069 in the last quarter. 0.80% of the stock is owned by corporate insiders.

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.