United Asset Strategies Inc. Has $613,000 Position in Nordson Co. (NASDAQ:NDSN)

United Asset Strategies Inc. boosted its position in Nordson Co. (NASDAQ:NDSN) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,930 shares of the industrial products company’s stock after acquiring an additional 119 shares during the quarter. United Asset Strategies Inc.’s holdings in Nordson were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDSN. State Street Corp raised its holdings in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nordson by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after acquiring an additional 14,780 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Raymond James & Associates increased its position in Nordson by 5.7% during the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock worth $86,727,000 after purchasing an additional 17,732 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after purchasing an additional 61,430 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Up 2.8 %

Shares of NDSN stock opened at $224.07 on Tuesday. The company has a market cap of $12.79 billion, a P/E ratio of 27.63, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a 50 day simple moving average of $227.69 and a two-hundred day simple moving average of $242.04.

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

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson dropped their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.25.

Insider Transactions at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Lovass sold 1,299 shares of the company’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. This trade represents a 15.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock valued at $433,080 over the last three months. Company insiders own 0.86% of the company’s stock.

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.