Cerity Partners LLC Makes New Investment in Nordson Co. (NASDAQ:NDSN)

Cerity Partners LLC purchased a new position in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,920 shares of the industrial products company’s stock, valued at approximately $507,000.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its holdings in Nordson by 208.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Tobam boosted its holdings in Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Nordson during the fourth quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in shares of Nordson during the fourth quarter worth about $27,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Nordson during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NDSN shares. DA Davidson lifted their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Wells Fargo & Company lifted their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Nordson Stock Down 0.8 %

Nordson stock opened at $260.06 on Thursday. The stock has a market capitalization of $14.87 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The business has a 50 day simple moving average of $266.63 and a 200-day simple moving average of $249.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 16th. Nordson’s dividend payout ratio (DPR) is currently 31.81%.

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.