Bryn Mawr Capital Management LLC Makes New Investment in Nordson Co. (NASDAQ:NDSN)

Bryn Mawr Capital Management LLC bought a new position in shares of Nordson Co. (NASDAQ:NDSN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,273 shares of the industrial products company’s stock, valued at approximately $476,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in Nordson by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after purchasing an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nordson by 10.5% in the third 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. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of Nordson by 113.8% in the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Nordson by 47.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after acquiring an additional 5,046 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 1.4 %

NDSN stock opened at $215.44 on Friday. The business has a 50-day moving average of $213.85 and a 200-day moving average of $238.84. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The stock has a market capitalization of $12.30 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.64 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.31%. The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. On average, sell-side analysts anticipate 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. Investors of record on Thursday, January 2nd were given 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 yield of 1.45%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Analyst Ratings Changes

NDSN has been the subject of several recent analyst reports. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Loop Capital raised Nordson from a “hold” rating to a “buy” rating and upped their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nordson has an average rating of “Moderate Buy” and an average target price of $279.25.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 317 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,703 shares of company stock valued at $374,069. Insiders own 0.80% 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.