1,223 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by Argent Trust Co

Argent Trust Co acquired a new stake in shares of Nordson Co. (NASDAQ:NDSN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,223 shares of the industrial products company’s stock, valued at approximately $284,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Nordson by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,122,129 shares of the industrial products company’s stock valued at $1,680,769,000 after purchasing an additional 52,443 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Nordson by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after buying an additional 88,966 shares during the period. American Century Companies Inc. boosted its stake in shares of Nordson by 2.7% in the second quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock worth $139,624,000 after buying an additional 15,947 shares during the last quarter. Norges Bank acquired a new stake in Nordson during the fourth quarter worth about $158,948,000. Finally, Bank of New York Mellon Corp raised its position in Nordson by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock valued at $113,689,000 after acquiring an additional 11,809 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Down 1.7 %

Nordson stock opened at $255.58 on Friday. 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 stock has a market capitalization of $14.64 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90. The business has a 50 day simple moving average of $245.33 and a 200-day simple moving average of $250.04. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS 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 analyst estimates of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 EPS. On average, analysts anticipate that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently declared 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 was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 1.22%. Nordson’s dividend payout ratio (DPR) is currently 37.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NDSN shares. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Robert W. Baird increased 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price 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.