Global Strategic Investment Solutions LLC Invests $205,000 in Nordson Co. (NASDAQ:NDSN)

Global Strategic Investment Solutions LLC acquired a new position in Nordson Co. (NASDAQ:NDSNFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 776 shares of the industrial products company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Nordson in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Nordson in the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. increased its position in shares of Nordson by 208.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Smithfield Trust Co increased its position in shares of Nordson by 105.6% during the third quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Nordson during the second quarter valued at approximately $31,000. 70.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Nordson

Insider Transactions at Nordson

In other news, EVP Srinivas Subramanian sold 2,100 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the transaction, the executive vice president now directly owns 4,565 shares of the company’s stock, valued at $1,144,856.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Srinivas Subramanian sold 2,100 shares of Nordson stock in a transaction on Friday, January 12th. The stock was sold at an average price of $250.79, for a total transaction of $526,659.00. Following the completion of the sale, the executive vice president now owns 4,565 shares of the company’s stock, valued at $1,144,856.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Lovass sold 1,213 shares of Nordson stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $250.13, for a total value of $303,407.69. Following the sale, the executive vice president now directly owns 7,379 shares of the company’s stock, valued at approximately $1,845,709.27. The disclosure for this sale can be found here. Insiders sold 5,313 shares of company stock valued at $1,347,427 over the last three months. Company insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $268.52 on Friday. The stock has a fifty day simple moving average of $261.09 and a two-hundred day simple moving average of $243.36. Nordson Co. has a 1-year low of $204.60 and a 1-year high of $275.67. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.02 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSNGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $630.77 million. During the same period last year, the company earned $1.95 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that Nordson Co. will post 10.22 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, February 16th. Nordson’s payout ratio is currently 31.81%.

About Nordson

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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