Nordson Co. (NASDAQ:NDSN) Stock Position Raised by Independent Advisor Alliance

Independent Advisor Alliance increased its position 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 firm owned 1,983 shares of the industrial products company’s stock after acquiring an additional 45 shares during the quarter. Independent Advisor Alliance’s holdings in Nordson were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Fifth Third Bancorp grew its position in Nordson by 5.5% in the third quarter. Fifth Third Bancorp now owns 992 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 52 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Nordson by 4.6% during the third quarter. Panagora Asset Management Inc. now owns 2,911 shares of the industrial products company’s stock worth $650,000 after purchasing an additional 127 shares during the period. Teacher Retirement System of Texas boosted its stake in Nordson by 1.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 3,958 shares of the industrial products company’s stock valued at $883,000 after buying an additional 61 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Nordson by 7.7% in the 3rd quarter. New Mexico Educational Retirement Board now owns 2,800 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 200 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Nordson by 16.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,499 shares of the industrial products company’s stock worth $1,450,000 after acquiring an additional 906 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 1.2 %

NASDAQ NDSN opened at $268.41 on Tuesday. Nordson Co. has a one year low of $208.90 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. The firm has a market cap of $15.35 billion, a P/E ratio of 31.39, a P/E/G ratio of 2.05 and a beta of 1.00. The stock’s 50-day moving average is $267.42 and its 200-day moving average is $256.48.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. The company had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $1.95 EPS. Sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 1.01%. Nordson’s dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. DA Davidson upped their target price on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company upped their price target on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, KeyCorp restated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

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.