Nordson Co. (NASDAQ:NDSN) Holdings Raised by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its position in Nordson Co. (NASDAQ:NDSN) by 3.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,282 shares of the industrial products company’s stock after purchasing an additional 1,886 shares during the period. GHP Investment Advisors Inc. owned about 0.11% of Nordson worth $16,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Nordson during the second quarter valued at approximately $27,000. Tortoise Investment Management LLC boosted its position in Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Blue Trust Inc. grew its stake in 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 purchasing an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Nordson during the 2nd quarter worth about $46,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Nordson during the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NASDAQ NDSN traded down $0.79 during trading hours on Friday, hitting $248.10. 135,266 shares of the stock were exchanged, compared to its average volume of 233,815. Nordson Co. has a one year low of $208.91 and a one year high of $279.38. The company’s 50 day moving average is $253.58 and its 200 day moving average is $247.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The firm has a market capitalization of $14.21 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.02 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (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 last year, the firm posted $2.35 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, August 27th. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio (DPR) is presently 37.19%.

Insider Buying and Selling

In other news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their target price on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, 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.