Oppenheimer Asset Management Inc. Has $1.56 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Oppenheimer Asset Management Inc. boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,458 shares of the industrial products company’s stock after purchasing an additional 148 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nordson were worth $1,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NDSN. State Street Corp lifted its holdings in shares of Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Nordson by 71.0% during the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after buying an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares during the period. JPMorgan Chase & Co. lifted its stake in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Nordson by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock worth $106,762,000 after acquiring an additional 28,967 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

NASDAQ NDSN opened at $207.10 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $11.79 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The company has a 50 day moving average price of $213.38 and a two-hundred day moving average price of $237.84.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.51%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NDSN. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research report on Monday, February 24th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.25.

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.