Hsbc Holdings PLC Buys 6,927 Shares of Nordson Co. (NASDAQ:NDSN)

Hsbc Holdings PLC grew its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,712 shares of the industrial products company’s stock after buying an additional 6,927 shares during the quarter. Hsbc Holdings PLC owned 0.18% of Nordson worth $23,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NDSN. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Nordson by 10.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,259 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 118 shares during the period. UBS Group AG grew its position in Nordson by 14.8% during the fourth quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock valued at $43,024,000 after buying an additional 21,016 shares during the period. Corient Private Wealth LLC increased its holdings in Nordson by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 5,837 shares of the industrial products company’s stock valued at $1,542,000 after buying an additional 127 shares during the last quarter. Assetmark Inc. raised its position in Nordson by 36.8% in the fourth quarter. Assetmark Inc. now owns 4,779 shares of the industrial products company’s stock worth $1,262,000 after acquiring an additional 1,286 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Nordson by 2.9% during the 4th quarter. Franklin Resources Inc. now owns 72,140 shares of the industrial products company’s stock worth $19,057,000 after acquiring an additional 2,002 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Trading Down 1.7 %

Shares of Nordson stock opened at $255.58 on Friday. 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 company has a fifty day moving average of $245.70 and a 200 day moving average of $249.89. The company has a market capitalization of $14.64 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.00 and a beta of 0.90. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38.

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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter last year, the business posted $2.35 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current fiscal 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 given a dividend of $0.78 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.22%. Nordson’s dividend payout ratio is currently 37.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird lifted their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.