Nordson Corporation $NDSN Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Nordson Corporation (NASDAQ:NDSN) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,212 shares of the industrial products company’s stock after acquiring an additional 283 shares during the period. Teacher Retirement System of Texas’ holdings in Nordson were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 67 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Nordson by 18.7% during the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 418 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Nordson by 12.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,221 shares of the industrial products company’s stock worth $448,000 after acquiring an additional 250 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Nordson by 7.1% in the first quarter. IFM Investors Pty Ltd now owns 10,518 shares of the industrial products company’s stock worth $2,122,000 after purchasing an additional 700 shares in the last quarter. Finally, HM Payson & Co. grew its stake in shares of Nordson by 37.5% in the first quarter. HM Payson & Co. now owns 660 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 180 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Down 1.0%

NASDAQ NDSN opened at $229.66 on Tuesday. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a market capitalization of $12.90 billion, a P/E ratio of 28.85, a PEG ratio of 1.77 and a beta of 0.96. The company’s 50 day simple moving average is $228.93 and its 200 day simple moving average is $216.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11.

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

Nordson Increases Dividend

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

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction dated 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 owned 8,605 shares of the company’s stock, 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. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

NDSN has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. DA Davidson set a $285.00 price objective on shares of Nordson in a report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.