Nordson Co. (NASDAQ:NDSN) Stock Position Lifted by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. grew its holdings in Nordson Co. (NASDAQ:NDSN) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,871 shares of the industrial products company’s stock after acquiring an additional 785 shares during the period. Symphony Financial Ltd. Co.’s holdings in Nordson were worth $1,273,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NDSN. Sound Income Strategies LLC increased its holdings in Nordson by 217.8% in the 1st quarter. Sound Income Strategies LLC now owns 321 shares of the industrial products company’s stock valued at $88,000 after buying an additional 220 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Nordson by 15.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,536 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 465 shares during the period. Thrive Wealth Management LLC lifted its position in Nordson by 6.3% during the 1st quarter. Thrive Wealth Management LLC now owns 1,332 shares of the industrial products company’s stock valued at $366,000 after purchasing an additional 79 shares during the period. Capital Asset Advisory Services LLC raised its position in shares of Nordson by 5.0% in the 1st quarter. Capital Asset Advisory Services LLC now owns 1,242 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 59 shares during the period. Finally, Norris Perne & French LLP MI raised its position in shares of Nordson by 0.3% in the 1st quarter. Norris Perne & French LLP MI now owns 58,408 shares of the industrial products company’s stock valued at $16,035,000 after acquiring an additional 171 shares during the period. 72.11% of the stock is owned by institutional investors.

Insider Transactions at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NDSN opened at $251.11 on Wednesday. The stock has a market capitalization of $14.38 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.04 and a beta of 0.90. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The company has a 50 day moving average of $252.70 and a 200-day moving average of $248.11. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.08. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $2.35 EPS. As a group, equities research analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.78 per share. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is currently 37.19%.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price target on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

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.