D.A. Davidson & CO. Buys New Position in Nordson Corporation $NDSN

D.A. Davidson & CO. purchased a new stake in Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,282 shares of the industrial products company’s stock, valued at approximately $489,000.

A number of other hedge funds also recently bought and sold shares of NDSN. Quarry LP acquired a new stake in Nordson in the 1st quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Nordson in the 2nd quarter valued at about $31,000. UMB Bank n.a. raised its position in Nordson by 96.3% in the 2nd quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Harbour Investments Inc. raised its position in Nordson by 36.7% in the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 54 shares in the last quarter. Finally, National Pension Service raised its position in Nordson by 74.8% in the 1st quarter. National Pension Service now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NDSN shares. Oppenheimer increased their price target on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Robert W. Baird increased their price target on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Jefferies Financial Group reissued a “hold” rating and set a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

Nordson Trading Down 0.9%

NDSN opened at $233.18 on Thursday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. The business’s 50 day moving average is $228.52 and its two-hundred day moving average is $214.85. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

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

Nordson Increases Dividend

The business 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. This is an increase from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. Nordson’s dividend payout ratio (DPR) is 41.21%.

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.