Nordson Co. (NASDAQ:NDSN) Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,863 shares of the industrial products company’s stock after buying an additional 42 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Nordson were worth $752,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Nordson during the 2nd quarter worth about $27,000. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after buying an additional 58 shares in the last quarter. Blue Trust Inc. raised its position in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Nordson during the second quarter valued at approximately $46,000. Finally, Headlands Technologies LLC acquired a new stake in Nordson during the first quarter worth approximately $55,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nordson

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

Wall Street Analysts Forecast Growth

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

Nordson Price Performance

NDSN opened at $249.03 on Friday. Nordson Co. has a 1 year low of $213.04 and a 1 year high of $279.38. The company’s 50 day simple moving average is $253.72 and its 200 day simple moving average is $247.17. The stock has a market capitalization of $14.24 billion, a PE ratio of 30.33, a P/E/G ratio of 2.02 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36.

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

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.25%. Nordson’s dividend payout ratio is currently 38.00%.

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.