Creative Financial Designs Inc. ADV Acquires 272 Shares of Nordson Co. (NASDAQ:NDSN)

Creative Financial Designs Inc. ADV increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,135 shares of the industrial products company’s stock after purchasing an additional 272 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Nordson were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. lifted its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares during the last quarter. Tortoise Investment Management LLC lifted its position in Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 115 shares during the last quarter. Brooklyn Investment Group lifted its position in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 278 shares during the last quarter. Quarry LP purchased a new stake in Nordson during the third quarter valued at approximately $109,000. Finally, Golden State Wealth Management LLC purchased a new stake in Nordson during the fourth quarter valued at approximately $179,000. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NDSN shares. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Nordson Stock Down 1.0 %

NASDAQ:NDSN opened at $208.53 on Wednesday. The firm has a market capitalization of $11.87 billion, a P/E ratio of 26.53, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The company’s fifty day moving average price is $213.27 and its 200-day moving average price is $234.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.50%. Nordson’s dividend payout ratio is presently 39.69%.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.

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.