Inspire Investing LLC Boosts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Inspire Investing LLC boosted its position in Nordson Co. (NASDAQ:NDSN) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,276 shares of the industrial products company’s stock after buying an additional 110 shares during the quarter. Inspire Investing LLC’s holdings in Nordson were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Nordson during the third quarter valued at about $53,000. UMB Bank n.a. boosted its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares during the period. Brooklyn Investment Group increased its stake in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NDSN has been the subject of several analyst reports. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a report on Wednesday. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Four investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $279.25.

Nordson Trading Up 0.0 %

Nordson stock opened at $219.49 on Friday. The stock has a market cap of $12.53 billion, a P/E ratio of 27.06, a PEG ratio of 1.66 and a beta of 0.95. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The firm’s fifty day moving average price is $229.01 and its 200-day moving average price is $241.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating 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 return on equity of 19.87% and a net margin of 17.37%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 EPS. Equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.42%. Nordson’s payout ratio is presently 38.47%.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Lovass sold 1,299 shares of the company’s 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 completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Nordson 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.