Benjamin F. Edwards & Company Inc. Acquires 27,358 Shares of Nordson Co. (NASDAQ:NDSN)

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 113,991.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,382 shares of the industrial products company’s stock after acquiring an additional 27,358 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Nordson were worth $7,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Nordson by 21.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,011 shares of the industrial products company’s stock valued at $4,689,000 after purchasing an additional 3,652 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Nordson by 78.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,821 shares of the industrial products company’s stock valued at $1,299,000 after acquiring an additional 2,567 shares during the period. Xponance Inc. lifted its position in shares of Nordson by 3.5% during the 3rd quarter. Xponance Inc. now owns 7,493 shares of the industrial products company’s stock valued at $1,672,000 after acquiring an additional 256 shares during the period. Raymond James & Associates lifted its position in shares of Nordson by 1.8% during the 3rd quarter. Raymond James & Associates now owns 270,120 shares of the industrial products company’s stock valued at $60,283,000 after acquiring an additional 4,810 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Nordson by 5.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,337 shares of the industrial products company’s stock valued at $2,084,000 after acquiring an additional 504 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDSN has been the subject of a number of recent analyst reports. DA Davidson upped their target price on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. KeyCorp reissued a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Finally, Wells Fargo & Company boosted their price target on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Nordson currently has an average rating of “Moderate Buy” and an average price target of $278.00.

Nordson Price Performance

NDSN traded up $2.81 on Friday, reaching $265.61. The stock had a trading volume of 171,161 shares, compared to its average volume of 210,032. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00. The firm has a 50-day moving average of $266.06 and a 200-day moving average of $251.16. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same quarter in the previous year, the company posted $1.95 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side 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 was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 1.02%. Nordson’s payout ratio is currently 31.81%.

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.