Three Seasons Wealth LLC Purchases 108 Shares of Nordson Corporation (NASDAQ:NDSN)

Three Seasons Wealth LLC raised its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,790 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. Three Seasons Wealth LLC’s holdings in Nordson were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NDSN. Lazard Asset Management LLC grew its position in Nordson by 3.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company’s stock valued at $326,803,000 after purchasing an additional 47,052 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Nordson by 156.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock worth $205,685,000 after acquiring an additional 621,734 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in Nordson by 2.9% in the fourth quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock valued at $180,036,000 after acquiring an additional 24,030 shares during the period. ProShare Advisors LLC increased its position in shares of Nordson by 0.7% during the fourth quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company’s stock worth $159,280,000 after purchasing an additional 4,955 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock worth $145,135,000 after purchasing an additional 111,538 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NDSN has been the topic of a number of research reports. Wolfe Research started coverage on Nordson in a research note on Wednesday, June 18th. They set a “peer perform” rating on the stock. Robert W. Baird upped their target price on Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, May 30th. KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Vertical Research began coverage on Nordson in a research report on Tuesday, June 17th. They set a “hold” rating and a $245.00 price target on the stock. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nordson has an average rating of “Moderate Buy” and an average target price of $254.86.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $212.46 on Tuesday. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a market cap of $12.01 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The business’s 50 day moving average price is $215.77 and its two-hundred day moving average price is $206.94. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The business had revenue of $682.94 million during the quarter, compared to analysts’ expectations of $671.36 million. During the same period in the previous year, the company posted $2.34 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. Nordson’s dividend payout ratio is 40.10%.

Nordson Company 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.