Stephens Inc. AR Acquires 173 Shares of Nordson Corporation $NDSN

Stephens Inc. AR boosted its holdings in Nordson Corporation (NASDAQ:NDSN) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,901 shares of the industrial products company’s stock after purchasing an additional 173 shares during the quarter. Stephens Inc. AR’s holdings in Nordson were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. boosted its position 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 valued at $41,000 after acquiring an additional 54 shares during the last quarter. Three Seasons Wealth LLC boosted its position in shares of 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 during the last quarter. Wedbush Securities Inc. boosted its position in shares of Nordson by 2.2% during the 1st quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 58 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Nordson by 2.9% during the 1st 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 boosted its position 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 valued at $2,146,000 after acquiring an additional 69 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Performance

NDSN stock opened at $235.90 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $227.28 and its two-hundred day simple moving average is $213.59. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.79 and a beta of 0.96.

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

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were paid a $0.82 dividend. The ex-dividend date was Thursday, September 11th. This is a positive change from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s payout ratio is 41.21%.

Insiders Place Their Bets

In other Nordson news, EVP Joseph P. Kelley sold 2,200 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $240.00, for a total value of $528,000.00. Following the sale, the executive vice president owned 6,405 shares in the company, valued at $1,537,200. This trade represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp increased their target price on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Jefferies Financial Group reiterated a “hold” rating and set a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research report on Saturday. DA Davidson set a $285.00 price target on Nordson in a research report on Tuesday. Finally, Oppenheimer raised their price target on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.75.

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.