1,354 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC acquired a new position in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,354 shares of the industrial products company’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tobam increased its holdings in shares of Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Nordson in the fourth quarter worth about $26,000. Sound Income Strategies LLC purchased a new position in Nordson in the fourth quarter worth about $27,000. Fortitude Family Office LLC purchased a new position in shares of Nordson during the 4th quarter valued at about $28,000. Finally, Smithfield Trust Co raised its stake in 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 during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NDSN traded up $4.90 on Monday, reaching $270.51. The stock had a trading volume of 27,438 shares, compared to its average volume of 207,822. The firm has a 50-day moving average of $265.90 and a 200 day moving average of $251.87. The firm has a market capitalization of $15.47 billion, a PE ratio of 31.07, a PEG ratio of 2.00 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. Nordson Co. has a twelve month low of $208.90 and a twelve month high of $278.00.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. Sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business 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 dividend yield of 1.01%. Nordson’s dividend payout ratio is currently 31.81%.

Analyst Ratings Changes

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

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.