Kestra Private Wealth Services LLC Sells 4,038 Shares of Nordson Co. (NASDAQ:NDSN)

Kestra Private Wealth Services LLC lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,586 shares of the industrial products company’s stock after selling 4,038 shares during the period. Kestra Private Wealth Services LLC’s holdings in Nordson were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tobam lifted its holdings in shares of Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Nordson during the 4th quarter valued at about $26,000. Sound Income Strategies LLC bought a new position in shares of Nordson during the 4th quarter valued at about $27,000. Fortitude Family Office LLC bought a new position in shares of Nordson during the 4th quarter valued at about $28,000. Finally, Smithfield Trust Co lifted its holdings in shares of Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NDSN. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. DA Davidson boosted their price target on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their price target on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Nordson Stock Up 1.9 %

NDSN stock opened at $270.65 on Tuesday. 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 firm has a market capitalization of $15.48 billion, a PE ratio of 31.65, a PEG ratio of 2.00 and a beta of 1.00. Nordson Co. has a 1-year low of $208.90 and a 1-year high of $278.00. The business’s 50 day simple moving average is $265.89 and its 200 day simple moving average is $252.26.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 EPS. As a group, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid 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 1.00%. Nordson’s dividend payout ratio (DPR) is presently 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.