Outlook Wealth Advisors LLC Buys 266 Shares of Nordson Co. (NASDAQ:NDSN)

Outlook Wealth Advisors LLC boosted its stake in Nordson Co. (NASDAQ:NDSN) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,586 shares of the industrial products company’s stock after acquiring an additional 266 shares during the period. Outlook Wealth Advisors LLC’s holdings in Nordson were worth $332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. State Street Corp increased its stake in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after purchasing an additional 177,282 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after buying an additional 68,810 shares in the last quarter. Geode Capital Management LLC raised its holdings in Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after acquiring an additional 14,780 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Nordson by 10.5% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Nordson by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock worth $78,623,000 after acquiring an additional 47,865 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Stock Up 1.1 %

NDSN stock opened at $213.82 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 $12.19 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $234.03 and its 200 day moving average is $242.49.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business 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 business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $2.46 earnings per share. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.46%. Nordson’s dividend payout ratio (DPR) is currently 38.47%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NDSN. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’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 completion of the sale, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,928 shares of company stock valued at $433,080 over the last three months. 0.86% of the stock is owned by company insiders.

About Nordson

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.