International Assets Investment Management LLC Grows Position in Nordson Co. (NASDAQ:NDSN)

International Assets Investment Management LLC raised its holdings in Nordson Co. (NASDAQ:NDSN) by 26,109.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,050 shares of the industrial products company’s stock after acquiring an additional 103,653 shares during the period. International Assets Investment Management LLC owned approximately 0.18% of Nordson worth $27,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Procyon Advisors LLC raised its holdings in shares of Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 39 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 39 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Nordson by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock valued at $3,288,000 after acquiring an additional 40 shares in the last quarter. Everpar Advisors LLC raised its holdings in shares of Nordson by 2.1% in the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 42 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Nordson by 0.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock valued at $1,792,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of Nordson stock opened at $250.37 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $14.32 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90. The business’s 50-day moving average price is $253.79 and its 200-day moving average price is $247.35. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $656.49 million. During the same period in the prior year, the company earned $2.35 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast 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 given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.25%. This is a positive change from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is presently 38.00%.

Insider Buying and Selling

In related news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average target price of $299.00.

About Nordson

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.