Sound Financial Strategies Group LLC Sells 1,016 Shares of Nordson Co. (NASDAQ:NDSN)

Sound Financial Strategies Group LLC lowered its position in Nordson Co. (NASDAQ:NDSN) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the industrial products company’s stock after selling 1,016 shares during the quarter. Nordson makes up about 0.5% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 22nd biggest position. Sound Financial Strategies Group LLC’s holdings in Nordson were worth $641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDSN. Atria Wealth Solutions Inc. boosted its position in Nordson by 11.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,465 shares of the industrial products company’s stock valued at $651,000 after acquiring an additional 249 shares in the last quarter. GAMMA Investing LLC bought a new stake in Nordson during the 4th quarter valued at $133,000. abrdn plc boosted its position in Nordson by 10.7% during the 4th quarter. abrdn plc now owns 11,702 shares of the industrial products company’s stock valued at $3,091,000 after acquiring an additional 1,128 shares in the last quarter. AIA Group Ltd boosted its position in Nordson by 504.2% during the 4th quarter. AIA Group Ltd now owns 8,713 shares of the industrial products company’s stock valued at $2,302,000 after acquiring an additional 7,271 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Nordson by 5.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,833 shares of the industrial products company’s stock valued at $1,805,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nordson Stock Performance

NDSN stock traded down $2.02 during midday trading on Wednesday, reaching $260.06. The stock had a trading volume of 162,543 shares, compared to its average volume of 210,947. The stock has a market cap of $14.87 billion, a PE ratio of 30.42, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The firm has a fifty day simple moving average of $266.63 and a two-hundred day simple moving average of $249.87. Nordson Co. has a 52-week low of $208.90 and a 52-week high of $278.00.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. 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 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.