Crown Oak Advisors LLC Raises Stake in Nordson Co. (NASDAQ:NDSN)

Crown Oak Advisors LLC raised its stake in shares of Nordson Co. (NASDAQ:NDSN) by 10.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,761 shares of the industrial products company’s stock after buying an additional 3,510 shares during the quarter. Nordson comprises 4.1% of Crown Oak Advisors LLC’s portfolio, making the stock its 12th largest holding. Crown Oak Advisors LLC owned approximately 0.07% of Nordson worth $7,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDSN. State Street Corp boosted its stake in Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the period. International Assets Investment Management LLC boosted its position in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after purchasing an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Nordson by 437.7% in the second quarter. Squarepoint Ops LLC now owns 62,502 shares of the industrial products company’s stock valued at $14,497,000 after purchasing an additional 50,877 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of research analyst reports. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and increased their price objective for the company from $255.00 to $280.00 in a research report on Wednesday. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $279.25.

Nordson Stock Up 0.0 %

Shares of NASDAQ:NDSN opened at $219.49 on Friday. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. 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 stock’s 50-day moving average price is $229.01 and its 200-day moving average price is $241.97. The stock has a market capitalization of $12.53 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 EPS. On average, equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently declared 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 currently 38.47%.

Insiders Place Their Bets

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction on Monday, November 11th. The shares were 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 in the last quarter. 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.