Vest Financial LLC Purchases 18,341 Shares of Nordson Co. (NASDAQ:NDSN)

by · The Markets Daily

Vest Financial LLC grew its position in shares of Nordson Co. (NASDAQ:NDSN – Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,379 shares of the industrial products company’s stock after purchasing an additional 18,341 shares during the period. Vest Financial LLC’s holdings in Nordson were worth $49,700,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NDSN. MassMutual Private Wealth & Trust FSB lifted its stake in Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 89 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 115 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Nordson during the 4th quarter valued at about $62,000. Canada Post Corp Registered Pension Plan purchased a new stake in Nordson during the 4th quarter valued at about $92,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Nordson during the 4th quarter valued at about $98,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 0.2%

NDSN stock opened at $213.55 on Friday. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.07 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. The business has a 50 day moving average of $192.36 and a 200 day moving average of $210.61.

Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $682.94 million during the quarter, compared to analyst estimates of $671.36 million. During the same quarter last year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their target price on Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Oppenheimer raised Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a research report on Friday, May 30th. KeyCorp lowered their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.17.

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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.

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