Brooklyn Investment Group Increases Stake in Nordson Co. (NASDAQ:NDSN)

Brooklyn Investment Group grew its stake in Nordson Co. (NASDAQ:NDSN) by 695.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318 shares of the industrial products company’s stock after purchasing an additional 278 shares during the period. Brooklyn Investment Group’s holdings in Nordson were worth $67,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NDSN. Procyon Advisors LLC boosted its holdings in Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after buying an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 39 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Nordson by 1.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 42 shares in the last quarter. Covestor Ltd raised its holdings in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 43 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Nordson by 3.5% during the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 1.2 %

Shares of NDSN opened at $216.38 on Monday. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The stock has a market cap of $12.34 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The firm’s fifty day moving average is $232.19 and its two-hundred day moving average is $242.41. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72.

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

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

Analysts Set New Price Targets

A number of research firms have recently commented on NDSN. Robert W. Baird restated a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, DA Davidson cut their target price 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. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,928 shares of company stock worth $433,080 in the last quarter. 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.