Blue Trust Inc. Purchases 91 Shares of Nordson Co. (NASDAQ:NDSN)

Blue Trust Inc. raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 130.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161 shares of the industrial products company’s stock after purchasing an additional 91 shares during the quarter. Blue Trust Inc.’s holdings in Nordson were worth $42,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NDSN. Ashton Thomas Private Wealth LLC purchased a new position in Nordson during the second quarter valued at approximately $27,000. Tortoise Investment Management LLC increased 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 acquiring an additional 58 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Nordson during the second quarter valued at $46,000. UMB Bank n.a. grew its holdings in shares of Nordson by 2,387.5% in the second 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 during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Nordson in the third quarter worth about $53,000. 72.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

Nordson Stock Up 0.5 %

NASDAQ:NDSN opened at $249.03 on Friday. Nordson Co. has a 1-year low of $213.04 and a 1-year high of $279.38. The company has a 50-day moving average of $253.72 and a 200 day moving average of $247.17. The firm has a market cap of $14.24 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data 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 net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $656.49 million. During the same period in the prior year, the firm earned $2.35 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.25%. This is a positive change from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s dividend payout ratio is presently 38.00%.

Wall Street Analysts Forecast Growth

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

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.