Outlook Wealth Advisors LLC Has $303,000 Stock Position in Nordson Co. (NASDAQ:NDSN)

Outlook Wealth Advisors LLC raised its stake in Nordson Co. (NASDAQ:NDSN) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,103 shares of the industrial products company’s stock after acquiring an additional 234 shares during the period. Outlook Wealth Advisors LLC’s holdings in Nordson were worth $303,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates boosted its holdings in shares of Nordson by 5.7% in the 1st quarter. Raymond James & Associates now owns 286,987 shares of the industrial products company’s stock worth $78,789,000 after acquiring an additional 15,549 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Nordson by 2.0% in the first quarter. IFM Investors Pty Ltd now owns 10,313 shares of the industrial products company’s stock worth $2,831,000 after purchasing an additional 205 shares in the last quarter. Marshall Financial Group LLC grew its holdings in shares of Nordson by 9.3% during the first quarter. Marshall Financial Group LLC now owns 3,970 shares of the industrial products company’s stock worth $1,090,000 after purchasing an additional 339 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Nordson during the first quarter worth $212,000. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Nordson by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 14,144 shares of the industrial products company’s stock valued at $3,883,000 after buying an additional 258 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 0.3 %

Shares of NASDAQ:NDSN traded up $0.74 during midday trading on Friday, hitting $260.40. The company had a trading volume of 165,646 shares, compared to its average volume of 180,566. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The firm has a fifty day simple moving average of $266.44 and a 200 day simple moving average of $250.19. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.96 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The firm 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 company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. On average, analysts predict that Nordson Co. will post 10.2 EPS for the current 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 given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.04%. Nordson’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NDSN shares. Wells Fargo & Company raised their price objective on shares of 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 price objective on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.