First Western Trust Bank Purchases Shares of 1,178 Nordson Co. (NASDAQ:NDSN)

First Western Trust Bank purchased a new position in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,178 shares of the industrial products company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NDSN. Tobam increased its holdings in shares of Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Nordson during the fourth quarter worth $26,000. Sound Income Strategies LLC acquired a new position in shares of Nordson in the 4th quarter valued at $27,000. Fortitude Family Office LLC purchased a new position in Nordson in the 4th quarter worth $28,000. Finally, Smithfield Trust Co lifted its position in Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson upped their price objective on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, Wells Fargo & Company raised their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Nordson Price Performance

Shares of Nordson stock traded up $6.84 on Thursday, reaching $277.84. The company’s stock had a trading volume of 300,825 shares, compared to its average volume of 212,124. Nordson Co. has a 52-week low of $208.90 and a 52-week high of $278.06. The company has a market capitalization of $15.89 billion, a P/E ratio of 32.50, a PEG ratio of 2.00 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $266.30 and a 200-day moving average price of $252.96.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share 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 analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. Analysts expect that Nordson Co. will post 10.2 EPS for the current year.

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.