Nordson Co. (NASDAQ:NDSN) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,811 shares of the industrial products company’s stock after buying an additional 69 shares during the quarter. Metis Global Partners LLC’s holdings in Nordson were worth $379,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after buying an additional 278 shares in the last quarter. Covestor Ltd grew its position in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after buying an additional 43 shares during the last quarter. Quarry LP bought a new position in shares of Nordson in the third quarter valued at $109,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Nordson during the 4th quarter valued at $179,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NASDAQ NDSN opened at $210.44 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The company has a 50 day simple moving average of $213.27 and a 200-day simple moving average of $237.61. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38.

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

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.48%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NDSN shares. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Tuesday. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Finally, DA Davidson cut their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Insider Transactions at Nordson

In related 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 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 approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Nordson Company 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.