Qsemble Capital Management LP Makes New Investment in Nordson Co. (NASDAQ:NDSN)

Qsemble Capital Management LP acquired a new stake in Nordson Co. (NASDAQ:NDSN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,326 shares of the industrial products company’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new position in Nordson in the second quarter valued at approximately $27,000. Tortoise Investment Management LLC boosted its holdings in shares of Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after buying an additional 58 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Nordson in the second quarter valued at $46,000. UMB Bank n.a. raised its position in Nordson by 2,387.5% during the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 191 shares in the last quarter. Finally, McClarren Financial Advisors Inc. lifted its stake in Nordson by 11,450.0% in the second quarter. McClarren Financial Advisors Inc. now owns 231 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 229 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NDSN shares. Robert W. Baird upped their target price on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. DA Davidson dropped their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.40.

Nordson Trading Up 1.4 %

Shares of NASDAQ:NDSN opened at $251.81 on Friday. Nordson Co. has a 12-month low of $208.91 and a 12-month high of $279.38. The business has a 50 day moving average of $243.18 and a 200-day moving average of $250.34. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.40 billion, a PE ratio of 30.01, a P/E/G ratio of 2.00 and a beta of 0.90.

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

Nordson Increases Dividend

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

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.