Wealth Enhancement Advisory Services LLC Raises Stock Position in Nordson Co. (NASDAQ:NDSN)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,223 shares of the industrial products company’s stock after buying an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nordson were worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co raised its holdings in Nordson by 11.9% during the fourth quarter. Diversified Trust Co now owns 4,430 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 472 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Nordson by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company’s stock valued at $1,536,000 after buying an additional 1,053 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Nordson by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock worth $77,723,000 after buying an additional 13,184 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Nordson by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company’s stock worth $21,841,000 after buying an additional 4,919 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the business’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 completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is owned by company insiders.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $211.48 on Thursday. The company has a 50-day simple moving average of $235.08 and a 200-day simple moving average of $242.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The company has a market cap of $12.06 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. Nordson’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. On average, equities analysts anticipate that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.78 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.48%. Nordson’s payout ratio is currently 38.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird reissued a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

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.