LVW Advisors LLC Increases Stock Position in Nordson Co. (NASDAQ:NDSN)

LVW Advisors LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 10.7% during the 3rd quarter, Holdings Channel reports. The firm owned 3,620 shares of the industrial products company’s stock after purchasing an additional 350 shares during the quarter. LVW Advisors LLC’s holdings in Nordson were worth $951,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NDSN. Clarity Asset Management Inc. purchased a new stake in shares of Nordson during the fourth quarter valued at approximately $88,000. Winslow Asset Management Inc. boosted its holdings in shares of Nordson by 0.4% in the 4th quarter. Winslow Asset Management Inc. now owns 62,796 shares of the industrial products company’s stock worth $16,588,000 after buying an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Nordson by 3.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,430 shares of the industrial products company’s stock valued at $11,208,000 after buying an additional 1,245 shares during the period. Vanguard Group Inc. increased its holdings in Nordson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock worth $1,603,368,000 after buying an additional 20,164 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Nordson in the fourth quarter valued at about $1,204,000. 72.11% of the stock is owned by institutional investors.

Nordson Price Performance

NDSN traded up $3.76 during trading on Friday, reaching $257.36. 11,330 shares of the company were exchanged, compared to its average volume of 235,338. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.04 and a beta of 0.90. Nordson Co. has a 12-month low of $208.91 and a 12-month high of $279.38. The company’s 50-day moving average is $249.75 and its two-hundred day moving average is $249.17.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.08. The business had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. Research analysts forecast that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.78 per share. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s payout ratio is currently 38.00%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average target price of $299.00.

Insider Activity

In related news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.86% of the company’s stock.

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.