Albert D Mason Inc. Acquires 149 Shares of Nordson Co. (NASDAQ:NDSN)

Albert D Mason Inc. lifted its holdings in Nordson Co. (NASDAQ:NDSN) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,184 shares of the industrial products company’s stock after buying an additional 149 shares during the period. Albert D Mason Inc.’s holdings in Nordson were worth $875,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of 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 valued at $72,000 after buying an additional 43 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Nordson by 23.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock worth $85,000 after buying an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Nordson by 84.3% during the third 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. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $216.38 on Friday. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The business’s 50 day moving average price is $232.19 and its 200 day moving average price is $242.21. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.34 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.51 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 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. On average, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share 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 issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock worth $433,080 over the last quarter. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NDSN shares. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reissued 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. DA Davidson cut their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average price target of $279.00.

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.