Sound Financial Strategies Group LLC Reduces Stake in Nordson Co. (NASDAQ:NDSN)

Sound Financial Strategies Group LLC decreased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 29.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,427 shares of the industrial products company’s stock after selling 1,016 shares during the period. Nordson accounts for 0.5% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 22nd largest position. Sound Financial Strategies Group LLC’s holdings in Nordson were worth $641,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Tobam raised its holdings in shares of Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Nordson in the 4th quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in shares of Nordson in the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in shares of Nordson in the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NDSN. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. DA Davidson raised their price objective on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company raised their price objective on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $278.00.

Nordson Trading Down 0.8 %

NDSN traded down $2.02 on Wednesday, hitting $260.06. 162,543 shares of the company were exchanged, compared to its average volume of 210,947. The firm has a fifty day simple moving average of $266.63 and a two-hundred day simple moving average of $249.87. 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 Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The stock has a market capitalization of $14.87 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same period last year, the company earned $1.95 EPS. Nordson’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect 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 Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.05%. Nordson’s dividend payout ratio is currently 31.81%.

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.