Bradley Foster & Sargent Inc. CT Has $959,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Bradley Foster & Sargent Inc. CT lifted its position in Nordson Co. (NASDAQ:NDSN) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,136 shares of the industrial products company’s stock after acquiring an additional 665 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Nordson were worth $959,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Nordson by 0.4% in the 4th quarter. Advisory Services Network LLC now owns 10,674 shares of the industrial products company’s stock valued at $2,820,000 after acquiring an additional 40 shares during the period. Retirement Systems of Alabama raised its holdings in Nordson by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock worth $3,288,000 after buying an additional 40 shares during the period. Everpar Advisors LLC raised its holdings in Nordson by 2.1% during the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $469,000 after buying an additional 42 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Nordson by 0.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock worth $1,633,000 after buying an additional 47 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Nordson by 0.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock worth $1,792,000 after buying an additional 49 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of NDSN opened at $260.03 on Friday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.00 and a beta of 0.90. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The company has a 50 day moving average of $244.83 and a 200-day moving average of $249.97. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49.

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

Nordson Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, August 27th. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.20%. Nordson’s dividend payout ratio (DPR) is currently 37.19%.

Analyst Ratings Changes

Several analysts have commented on NDSN shares. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird raised their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.40.

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.