Norris Perne & French LLP MI Sells 139 Shares of Nordson Co. (NASDAQ:NDSN)

Norris Perne & French LLP MI trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 0.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,703 shares of the industrial products company’s stock after selling 139 shares during the quarter. Norris Perne & French LLP MI’s holdings in Nordson were worth $15,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NDSN. Massachusetts Financial Services Co. MA boosted its position in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after buying an additional 193,421 shares during the last quarter. Swedbank AB acquired a new stake in Nordson in the first quarter worth about $48,044,000. Price T Rowe Associates Inc. MD raised its holdings in Nordson by 237.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares during the last quarter. International Assets Investment Management LLC lifted its position in Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Nordson by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after purchasing an additional 88,966 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $299.00.

Nordson Price Performance

Nordson stock opened at $247.89 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $14.17 billion, a P/E ratio of 30.19, a PEG ratio of 2.02 and a beta of 0.90. The business has a 50-day moving average of $254.05 and a 200-day moving average of $247.27. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 earnings per share. On average, equities analysts anticipate that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.26%. Nordson’s payout ratio is currently 38.00%.

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

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.