Marshall Financial Group LLC Acquires 85 Shares of Nordson Co. (NASDAQ:NDSN)

Marshall Financial Group LLC boosted its holdings in Nordson Co. (NASDAQ:NDSN) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,226 shares of the industrial products company’s stock after buying an additional 85 shares during the quarter. Marshall Financial Group LLC’s holdings in Nordson were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fifth Third Bancorp grew its holdings in shares of Nordson by 6.2% during the fourth quarter. Fifth Third Bancorp now owns 1,553 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 90 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Nordson by 1.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 64,555 shares of the industrial products company’s stock valued at $13,507,000 after purchasing an additional 832 shares during the last quarter. Sound Income Strategies LLC grew its stake in Nordson by 15.5% in the 4th quarter. Sound Income Strategies LLC now owns 871 shares of the industrial products company’s stock worth $182,000 after buying an additional 117 shares in the last quarter. Crown Oak Advisors LLC increased its holdings in shares of Nordson by 10.2% in the 4th quarter. Crown Oak Advisors LLC now owns 37,761 shares of the industrial products company’s stock worth $7,901,000 after buying an additional 3,510 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in shares of Nordson by 2.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 16,187 shares of the industrial products company’s stock valued at $3,387,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the business’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 transaction of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock valued at $433,080 over the last ninety days. 0.86% of the stock is owned by insiders.

Nordson Price Performance

Shares of Nordson stock opened at $218.07 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The business’s 50 day simple moving average is $228.28 and its two-hundred day simple moving average is $242.03. The stock has a market capitalization of $12.45 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95.

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

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.43%. Nordson’s dividend payout ratio is currently 38.47%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NDSN. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $279.25.

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.