Isthmus Partners LLC Boosts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Isthmus Partners LLC grew its holdings in Nordson Co. (NASDAQ:NDSN) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,380 shares of the industrial products company’s stock after acquiring an additional 79 shares during the period. Isthmus Partners LLC’s holdings in Nordson were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Nordson during the 4th quarter valued at $74,005,000. State Street Corp lifted its position in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after buying an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 1.4 %

NDSN opened at $212.40 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The business has a 50 day moving average price of $213.35 and a 200 day moving average price of $236.67. The firm has a market cap of $12.09 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38.

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

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s dividend payout ratio is presently 39.69%.

Analyst Ratings Changes

Several analysts recently weighed in on NDSN shares. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research report on Tuesday, March 4th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the business’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 sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently 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.