Nordson Corporation $NDSN Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Nordson Corporation (NASDAQ:NDSN) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,813 shares of the industrial products company’s stock after acquiring an additional 1,972 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Nordson worth $16,681,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NDSN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Nordson by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company’s stock worth $51,088,000 after purchasing an additional 9,679 shares during the last quarter. Nordea Investment Management AB grew its holdings in Nordson by 21.2% in the 2nd quarter. Nordea Investment Management AB now owns 10,083 shares of the industrial products company’s stock worth $2,159,000 after buying an additional 1,763 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Nordson by 22.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,193 shares of the industrial products company’s stock valued at $1,756,000 after acquiring an additional 1,508 shares during the period. Confluence Investment Management LLC raised its stake in Nordson by 118.5% during the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock valued at $72,048,000 after acquiring an additional 182,305 shares in the last quarter. Finally, Aviva PLC bought a new stake in Nordson during the 2nd quarter valued at $8,205,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James E. Devries sold 9,100 shares of Nordson stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $233.60, for a total value of $2,125,760.00. Following the transaction, the executive vice president directly owned 51,223 shares of the company’s stock, valued at $11,965,692.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph P. Kelley sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $232.39, for a total transaction of $534,497.00. Following the sale, the executive vice president owned 8,605 shares in the company, valued at $1,999,715.95. This represents a 21.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,600 shares of company stock valued at $3,188,257 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Nordson Stock Performance

Shares of NDSN opened at $226.69 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The firm’s 50 day moving average is $230.55 and its 200-day moving average is $219.62. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The stock has a market capitalization of $12.74 billion, a P/E ratio of 28.48, a P/E/G ratio of 1.77 and a beta of 0.98.

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

Nordson Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDSN. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Jefferies Financial Group reissued a “hold” rating and set a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. Robert W. Baird upped their price target on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Finally, DA Davidson set a $285.00 target price on Nordson in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $255.75.

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.