Venturi Wealth Management LLC Purchases 66 Shares of Nordson Co. (NASDAQ:NDSN)

Venturi Wealth Management LLC increased its position in Nordson Co. (NASDAQ:NDSN) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,493 shares of the industrial products company’s stock after buying an additional 66 shares during the quarter. Venturi Wealth Management LLC’s holdings in Nordson were worth $312,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NDSN. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 13.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after buying an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Holocene Advisors LP lifted its position in Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after purchasing an additional 5,046 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Up 0.3 %

NDSN stock opened at $218.45 on Friday. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The stock has a market cap of $12.47 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.66 and a beta of 0.95. The stock’s fifty day simple moving average is $214.07 and its two-hundred day simple moving average is $238.98. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.43%. Nordson’s payout ratio is currently 38.47%.

Analysts Set New Price Targets

Several brokerages have recently commented on NDSN. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and increased their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 1,703 shares of company stock valued at $374,069. 0.80% of the stock is owned by company insiders.

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.