Cornerstone Wealth Management LLC Has $3.39 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Cornerstone Wealth Management LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,187 shares of the industrial products company’s stock after buying an additional 367 shares during the period. Cornerstone Wealth Management LLC’s holdings in Nordson were worth $3,387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its stake in shares of Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after purchasing an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after purchasing an additional 61,430 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after purchasing an additional 5,046 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after purchasing an additional 15,524 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Activity

In other news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was 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 in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,928 shares of company stock worth $433,080 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NDSN shares. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their price target for the company from $255.00 to $280.00 in a report on Wednesday. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Trading Up 0.0 %

Shares of NASDAQ NDSN opened at $219.49 on Friday. 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 twelve month low of $196.83 and a twelve month high of $279.38. The company’s fifty day moving average is $229.01 and its 200-day moving average is $241.97. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.65 and a beta of 0.95.

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

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is 38.47%.

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.