Stephens Inc. AR Has $405,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Stephens Inc. AR lifted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 11.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,542 shares of the industrial products company’s stock after buying an additional 158 shares during the period. Stephens Inc. AR’s holdings in Nordson were worth $405,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NDSN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nordson during the 2nd quarter worth $27,000. Tortoise Investment Management LLC raised its holdings in shares of Nordson by 70.7% during the 2nd 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. increased its holdings in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Nordson in the 2nd quarter worth about $46,000. Finally, UMB Bank n.a. increased its holdings in Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Nordson Price Performance

Shares of NDSN opened at $260.57 on Friday. Nordson Co. has a 12-month low of $220.69 and a 12-month high of $279.38. The business has a 50-day simple moving average of $253.75 and a two-hundred day simple moving average of $247.06. 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 $14.90 billion, a PE ratio of 31.74, a PEG ratio of 1.84 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 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. During the same quarter in the previous year, the company posted $2.35 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is 38.00%.

Wall Street Analysts Forecast Growth

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

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.