Nordson Corporation $NDSN Stock Holdings Cut by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lowered its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,966 shares of the industrial products company’s stock after selling 169 shares during the quarter. Nordson makes up approximately 4.1% of Mcdaniel Terry & Co.’s holdings, making the stock its 5th biggest position. Mcdaniel Terry & Co. owned about 0.42% of Nordson worth $50,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NDSN. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Nordson by 3.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after buying an additional 90,704 shares during the last quarter. Invesco Ltd. increased its stake in shares of Nordson by 15.9% in the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock worth $210,536,000 after purchasing an additional 142,991 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Nordson by 156.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock worth $205,685,000 after purchasing an additional 621,734 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Nordson by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 470,997 shares of the industrial products company’s stock worth $95,010,000 after purchasing an additional 11,287 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Nordson by 3.9% during the first quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company’s stock valued at $74,154,000 after purchasing an additional 13,926 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $232.39, for a total value of $534,497.00. Following the completion of the transaction, the executive vice president directly owned 8,605 shares of the company’s stock, valued at $1,999,715.95. This trade represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is owned by company insiders.

Nordson Price Performance

NDSN stock opened at $235.90 on Friday. The company has a market capitalization of $13.26 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. The company’s fifty day moving average price is $227.28 and its 200-day moving average price is $213.28. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. The firm had revenue of $646.86 million during the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. On average, equities analysts anticipate that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NDSN. Oppenheimer raised their price objective on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Finally, KeyCorp lifted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $255.75.

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.