LVW Advisors LLC Cuts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

LVW Advisors LLC reduced its stake in Nordson Co. (NASDAQ:NDSN) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,328 shares of the industrial products company’s stock after selling 292 shares during the quarter. LVW Advisors LLC’s holdings in Nordson were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Albert D Mason Inc. lifted its stake in Nordson by 3.7% during the fourth quarter. Albert D Mason Inc. now owns 4,184 shares of the industrial products company’s stock worth $875,000 after purchasing an additional 149 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in shares of Nordson by 4.8% in the 4th quarter. Heritage Family Offices LLP now owns 1,844 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 85 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Nordson by 20.2% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,586 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 266 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Nordson by 17.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,615 shares of the industrial products company’s stock valued at $966,000 after buying an additional 682 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NDSN shares. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson decreased their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average target price of $279.00.

Nordson Trading Up 1.2 %

NASDAQ NDSN opened at $216.38 on Tuesday. The firm has a market capitalization of $12.34 billion, a PE ratio of 26.68, a P/E/G ratio of 1.51 and a beta of 0.95. The stock’s 50 day moving average is $231.29 and its 200 day moving average is $242.33. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. 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 issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $736.83 million. During the same period last year, the business earned $2.46 EPS. Nordson’s quarterly 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 Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s 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 completion of the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Lovass sold 1,299 shares of the company’s 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 transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,928 shares of company stock valued at $433,080. 0.86% of the stock is currently owned by corporate insiders.

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.