Jones Financial Companies Lllp Has $72,000 Stake in Nordson Co. (NASDAQ:NDSN)

Jones Financial Companies Lllp decreased its holdings in Nordson Co. (NASDAQ:NDSN) by 49.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 342 shares of the industrial products company’s stock after selling 339 shares during the period. Jones Financial Companies Lllp’s holdings in Nordson were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NDSN. State Street Corp raised its stake in 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 purchasing an additional 177,282 shares in the last quarter. Natixis Advisors LLC raised 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 valued at $41,386,000 after buying an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 valued at $84,499,000 after buying an additional 61,430 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 48,720 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Nordson by 6.0% in the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock valued at $106,762,000 after buying an additional 28,967 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NDSN. Robert W. Baird restated a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research report on Monday, February 24th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, KeyCorp upgraded 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 report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Nordson Trading Up 1.6 %

NDSN opened at $210.68 on Tuesday. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. 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 $11.99 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.65 and a beta of 0.92. The company’s 50 day moving average price is $213.21 and its two-hundred day moving average price is $234.90.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 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 firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. As a group, research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently announced 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 is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.48%. Nordson’s payout ratio is presently 39.69%.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’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 transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by corporate 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.