OneDigital Investment Advisors LLC Takes Position in Nordson Corporation $NDSN

OneDigital Investment Advisors LLC acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,687 shares of the industrial products company’s stock, valued at approximately $509,000.

Several other hedge funds have also recently bought and sold shares of the business. Clearstead Trust LLC bought a new position in Nordson during the second quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Nordson during the 2nd quarter worth about $33,000. Private Trust Co. NA increased its holdings in shares of Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the 2nd quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of Nordson by 2,400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 144 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NASDAQ NDSN opened at $304.21 on Wednesday. Nordson Corporation has a twelve month low of $213.23 and a twelve month high of $315.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60. The stock has a market capitalization of $16.95 billion, a PE ratio of 32.43, a P/E/G ratio of 2.05 and a beta of 0.96. The stock has a 50-day simple moving average of $296.34 and a 200 day simple moving average of $286.09.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.04. The firm had revenue of $740.85 million for the quarter, compared to analyst estimates of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.42 EPS. Research analysts anticipate that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio is presently 34.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NDSN shares. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. BNP Paribas Exane boosted their price objective on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Oppenheimer upped their price objective on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, DA Davidson raised their target price on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $311.29.

Nordson Company Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.