Sound Income Strategies LLC Acquires 117 Shares of Nordson Co. (NASDAQ:NDSN)

Sound Income Strategies LLC lifted its stake in Nordson Co. (NASDAQ:NDSN) by 15.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 871 shares of the industrial products company’s stock after purchasing an additional 117 shares during the period. Sound Income Strategies LLC’s holdings in Nordson were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Nordson by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 338,990 shares of the industrial products company’s stock valued at $78,623,000 after acquiring an additional 47,865 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Nordson by 715.0% in the second quarter. Renaissance Technologies LLC now owns 16,414 shares of the industrial products company’s stock worth $3,807,000 after purchasing an additional 14,400 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Nordson by 7.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,246 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 154 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Nordson in the second quarter worth $1,196,000. Finally, Sei Investments Co. grew its position in Nordson by 1.3% during the second quarter. Sei Investments Co. now owns 54,863 shares of the industrial products company’s stock worth $12,726,000 after buying an additional 695 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock worth $433,080 in the last three months. 0.86% of the stock is owned by insiders.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $218.07 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.45 billion, a PE ratio of 26.89, a PEG ratio of 1.65 and a beta of 0.95. The company’s fifty day moving average is $228.28 and its 200 day moving average is $241.91. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the previous year, the company posted $2.46 EPS. Nordson’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s payout ratio is 38.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NDSN shares. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. DA Davidson cut their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price objective for the company from $255.00 to $280.00 in a research report on Wednesday. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.25.

About Nordson

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.