TAP Consulting LLC Purchases 835 Shares of Nordson Co. (NASDAQ:NDSN)

TAP Consulting LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 9.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,988 shares of the industrial products company’s stock after buying an additional 835 shares during the period. TAP Consulting LLC’s holdings in Nordson were worth $2,317,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI raised its position in shares of Nordson by 32.8% in the 4th quarter. National Bank of Canada FI now owns 19,308 shares of the industrial products company’s stock valued at $4,994,000 after purchasing an additional 4,770 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Nordson by 24.5% in the 4th quarter. Private Advisor Group LLC now owns 1,518 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 299 shares during the last quarter. Apollon Wealth Management LLC raised its position in Nordson by 22.6% during the 4th quarter. Apollon Wealth Management LLC now owns 1,466 shares of the industrial products company’s stock worth $387,000 after buying an additional 270 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Nordson by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the industrial products company’s stock worth $122,296,000 after buying an additional 11,989 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Nordson during the 4th quarter worth approximately $106,000. 72.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NDSN shares. Robert W. Baird raised their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. DA Davidson reduced their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.40.

Nordson Stock Performance

Shares of NASDAQ NDSN traded down $2.33 during midday trading on Friday, reaching $244.27. 170,894 shares of the stock were exchanged, compared to its average volume of 243,610. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.07 and a beta of 0.90. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The firm has a 50-day simple moving average of $241.05 and a two-hundred day simple moving average of $250.94. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49.

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

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a yield of 1.28%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio (DPR) is currently 37.19%.

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.