Nordson Co. (NASDAQ:NDSN) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in Nordson Co. (NASDAQ:NDSN) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,409 shares of the industrial products company’s stock after acquiring an additional 909 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Nordson were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NDSN. Ashton Thomas Private Wealth LLC purchased a new position in Nordson in the 2nd quarter valued at $27,000. Tortoise Investment Management LLC lifted its stake in shares of Nordson by 70.7% in 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. Whittier Trust Co. of Nevada Inc. acquired a new position in Nordson during the second quarter worth about $46,000. UMB Bank n.a. grew its stake in Nordson by 2,387.5% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 191 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its holdings in Nordson by 11,450.0% in the 2nd 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. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Trading Up 0.2 %

Shares of Nordson stock opened at $255.61 on Thursday. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.00 and a beta of 0.90. The stock has a 50 day moving average of $244.32 and a 200 day moving average of $249.94.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping 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 business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same period in the prior year, the business posted $2.35 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Nordson Co. will post 9.55 earnings per share for the current year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a $0.78 dividend. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, August 27th. Nordson’s dividend payout ratio is currently 37.19%.

Analysts Set New Price Targets

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

Nordson Company 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.