Bryn Mawr Capital Management LLC Buys New Stake in Nordson Co. (NASDAQ:NDSN)

Bryn Mawr Capital Management LLC bought a new stake in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,273 shares of the industrial products company’s stock, valued at approximately $476,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after purchasing an additional 103,653 shares in the last quarter. Natixis Advisors LLC raised its holdings in Nordson by 71.0% in the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after acquiring an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in 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 valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDSN has been the topic of a number of research reports. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.25.

Nordson Stock Performance

NDSN stock opened at $215.44 on Friday. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock’s fifty day moving average is $213.85 and its two-hundred day moving average is $238.84.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.31% and a net margin of 16.93%. The firm had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. On average, research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.45%. Nordson’s dividend payout ratio is 39.69%.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the firm’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 value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,703 shares of company stock worth $374,069 in the last three months. 0.80% of the stock is owned by 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.