Vanguard Personalized Indexing Management LLC Cuts Stock Holdings in Nordson Corporation $NDSN

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,426 shares of the industrial products company’s stock after selling 62 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nordson were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbour Investments Inc. boosted its stake in shares of Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 54 shares in the last quarter. Three Seasons Wealth LLC increased its holdings in Nordson by 3.0% during the 2nd quarter. Three Seasons Wealth LLC now owns 1,844 shares of the industrial products company’s stock valued at $397,000 after acquiring an additional 54 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Nordson by 2.2% in the 1st quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company’s stock valued at $553,000 after buying an additional 58 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Nordson by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 67 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Nordson by 0.6% during the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company’s stock worth $2,146,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NDSN shares. KeyCorp boosted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and set a $240.00 price objective on shares of Nordson in a research note on Thursday, August 21st. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Oppenheimer increased their price target on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $255.75.

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total transaction of $534,497.00. Following the completion of the sale, the executive vice president directly owned 8,605 shares in the company, valued at approximately $1,999,715.95. This trade represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Nordson Price Performance

NDSN stock opened at $235.66 on Tuesday. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The firm has a 50-day moving average of $225.77 and a two-hundred day moving average of $212.03. The firm has a market capitalization of $13.24 billion, a PE ratio of 29.61, a P/E/G ratio of 1.77 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The business had revenue of $646.86 million during the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. On average, analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. This is an increase from Nordson’s previous quarterly dividend of $0.78. Nordson’s dividend payout ratio is presently 41.21%.

About Nordson

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.