FourThought Financial Partners LLC Takes $204,000 Position in Nordson Co. (NASDAQ:NDSN)

FourThought Financial Partners LLC bought a new stake in shares of Nordson Co. (NASDAQ:NDSN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 772 shares of the industrial products company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tobam raised its holdings in 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 buying an additional 91 shares during the period. FNY Investment Advisers LLC purchased a new stake in Nordson during the 4th quarter valued at $26,000. Sound Income Strategies LLC purchased a new stake in Nordson during the 4th quarter valued at $27,000. Fortitude Family Office LLC purchased a new stake in Nordson during the 4th quarter valued at $28,000. Finally, Quent Capital LLC raised its holdings in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 1.8 %

NDSN stock traded up $4.84 during trading on Monday, reaching $270.45. 74,744 shares of the company traded hands, compared to its average volume of 208,424. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The business has a 50 day simple moving average of $265.90 and a 200 day simple moving average of $251.87. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19.

Nordson (NASDAQ:NDSN) last released its 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. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, equities research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid 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 of this dividend was Friday, February 16th. Nordson’s dividend payout ratio is presently 31.81%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. DA Davidson increased their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, Wells Fargo & Company increased their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Nordson 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.