Nordson Co. (NASDAQ:NDSN) Stock Holdings Lifted by Versor Investments LP

Versor Investments LP raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the industrial products company’s stock after purchasing an additional 137 shares during the period. Versor Investments LP’s holdings in Nordson were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NDSN. Private Advisor Group LLC raised its position in Nordson by 21.4% during the third quarter. Private Advisor Group LLC now owns 2,365 shares of the industrial products company’s stock valued at $621,000 after acquiring an additional 417 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Nordson by 13.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,286 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 149 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Nordson by 11.4% during the 3rd quarter. Stephens Inc. AR now owns 1,542 shares of the industrial products company’s stock valued at $405,000 after purchasing an additional 158 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Nordson in the 3rd quarter valued at $201,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Nordson by 4.5% in the third quarter. Janney Montgomery Scott LLC now owns 131,579 shares of the industrial products company’s stock worth $34,557,000 after purchasing an additional 5,656 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NDSN. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and raised their target price for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. 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. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a 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 note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

Nordson Stock Performance

NDSN opened at $207.10 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $213.38 and its two-hundred day moving average price is $237.84. The firm has a market capitalization of $11.79 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 39.69%.

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.