Heritage Family Offices LLP Purchases 85 Shares of Nordson Co. (NASDAQ:NDSN)

Heritage Family Offices LLP increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,844 shares of the industrial products company’s stock after acquiring an additional 85 shares during the quarter. Heritage Family Offices LLP’s holdings in Nordson were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NDSN. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nordson in the second quarter worth $27,000. Blue Trust Inc. increased its stake in shares of 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 buying an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Nordson during the 3rd quarter valued at approximately $53,000. Covestor Ltd raised its holdings 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 purchasing an additional 43 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Nordson by 23.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 69 shares during the period. 72.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of research analyst reports. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Nordson Stock Performance

NASDAQ NDSN opened at $211.48 on Thursday. The company has a market cap of $12.06 billion, a P/E ratio of 26.08, a PEG ratio of 1.51 and a beta of 0.95. The company has a fifty day simple moving average of $234.03 and a 200 day simple moving average of $242.49. The company has a current ratio of 2.41, a quick ratio of 1.51 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.

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

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.48%. Nordson’s payout ratio is 38.47%.

Nordson Company 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.