Caxton Associates LLP raised its stake in Nordson Corporation (NASDAQ:NDSN – Free Report) by 127.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,171 shares of the industrial products company’s stock after purchasing an additional 2,900 shares during the quarter. Caxton Associates LLP’s holdings in Nordson were worth $1,109,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC grew its position in Nordson by 3.5% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 1,436 shares of the industrial products company’s stock valued at $308,000 after buying an additional 48 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Nordson by 0.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 13,931 shares of the industrial products company’s stock worth $2,986,000 after acquiring an additional 50 shares during the period. Three Seasons Wealth LLC boosted its holdings in shares of Nordson by 3.0% in the second 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. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Nordson by 1.0% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 6,666 shares of the industrial products company’s stock worth $1,429,000 after acquiring an additional 66 shares during the period. Finally, Aberdeen Group plc lifted its position in Nordson by 1.8% in the first quarter. Aberdeen Group plc now owns 3,986 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Nordson Stock Performance
NASDAQ:NDSN opened at $237.79 on Tuesday. The firm’s fifty day simple moving average is $233.87 and its 200 day simple moving average is $224.67. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $251.47. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.63 and a beta of 1.01.
Nordson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 17th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 17th. Nordson’s dividend payout ratio is currently 38.45%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. 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. Vertical Research raised Nordson from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Monday. DA Davidson set a $290.00 target price on Nordson in a report on Friday. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird increased their price target on shares of Nordson from $252.00 to $275.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $268.00.
Check Out Our Latest Research Report on NDSN
Insider Activity at Nordson
In related news, 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 directly owned 51,223 shares of the company’s stock, valued at approximately $11,965,692.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 2,200 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $240.00, for a total transaction of $528,000.00. Following the completion of the transaction, the executive vice president owned 6,405 shares in the company, valued at $1,537,200. This represents a 25.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,600 shares of company stock valued at $3,188,257 in the last ninety days. 0.80% of the stock is owned by corporate insiders.
Nordson Company 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.
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