Aviva PLC Takes Position in Nordson Corporation $NDSN

Aviva PLC acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,275 shares of the industrial products company’s stock, valued at approximately $8,205,000. Aviva PLC owned about 0.07% of Nordson at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Nordson in the first quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Nordson during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its position in shares of Nordson by 640.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. NewSquare Capital LLC raised its holdings in Nordson by 212.0% in the 2nd quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after buying an additional 106 shares during the period. Finally, UMB Bank n.a. lifted its position in Nordson by 96.3% in the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NDSN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Oppenheimer boosted their target price on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. DA Davidson set a $285.00 price target on Nordson in a research note on Tuesday, October 21st. Robert W. Baird lifted their price objective on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.75.

Nordson Stock Down 0.1%

Shares of NASDAQ NDSN opened at $236.24 on Thursday. The stock has a market cap of $13.27 billion, a P/E ratio of 29.68, a PEG ratio of 1.77 and a beta of 0.98. The business’s fifty day simple moving average is $230.18 and its 200-day simple moving average is $218.31. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. 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 earnings per share 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%. As a group, equities analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors 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. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 11th. Nordson’s payout ratio is presently 41.21%.

Insider Activity at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $232.39, for a total value of $534,497.00. Following the sale, the executive vice president directly owned 8,605 shares of the company’s stock, valued at approximately $1,999,715.95. This represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James E. Devries sold 9,100 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the completion of the sale, the executive vice president owned 51,223 shares in the company, valued at $11,965,692.80. The trade was a 15.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,600 shares of company stock valued at $3,188,257 in the last quarter. 0.80% of the stock is currently owned by company insiders.

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.