Cornerstone Wealth Management LLC Buys 367 Shares of Nordson Co. (NASDAQ:NDSN)

Cornerstone Wealth Management LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDSN. Dimensional Fund Advisors LP boosted its position in Nordson by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after buying an additional 47,865 shares in the last quarter. Renaissance Technologies LLC raised its position in Nordson by 715.0% in the second quarter. Renaissance Technologies LLC now owns 16,414 shares of the industrial products company’s stock valued at $3,807,000 after purchasing an additional 14,400 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Nordson by 7.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,246 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 154 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Nordson in the second quarter valued at approximately $1,196,000. Finally, Sei Investments Co. raised its holdings in Nordson by 1.3% in the 2nd quarter. Sei Investments Co. now owns 54,863 shares of the industrial products company’s stock valued at $12,726,000 after buying an additional 695 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of Nordson stock 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. The business has a 50 day moving average price of $229.01 and a 200-day moving average price of $241.97. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a market cap of $12.53 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95.

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

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is currently 38.47%.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent research reports. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the company from $255.00 to $280.00 in a research report on Wednesday. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson decreased 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. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average target price of $279.25.

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.