Albert D Mason Inc. Boosts Holdings in Nordson Co. (NASDAQ:NDSN)

Albert D Mason Inc. grew its stake in Nordson Co. (NASDAQ:NDSN) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,184 shares of the industrial products company’s stock after purchasing an additional 149 shares during the quarter. Albert D Mason Inc.’s holdings in Nordson were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Heritage Family Offices LLP increased its stake in Nordson by 4.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,844 shares of the industrial products company’s stock worth $386,000 after buying an additional 85 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Nordson by 20.2% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,586 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 266 shares in the last quarter. Park Avenue Securities LLC raised its stake in Nordson by 17.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,615 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 682 shares during the last quarter. Clark & Stuart Inc purchased a new position in Nordson in the 4th quarter valued at $4,137,000. Finally, Czech National Bank boosted its stake in Nordson by 6.3% during the 4th quarter. Czech National Bank now owns 11,779 shares of the industrial products company’s stock worth $2,465,000 after purchasing an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 1.2 %

Shares of Nordson stock opened at $216.38 on Friday. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.51 and a beta of 0.95. The stock has a 50 day moving average of $232.19 and a 200 day moving average of $242.21.

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, topping analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. As a group, research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the 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 sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % 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 ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDSN. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. 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 issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a report 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 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

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.