Nisa Investment Advisors LLC Acquires 3,199 Shares of Nordson Corporation $NDSN

Nisa Investment Advisors LLC boosted its stake in Nordson Corporation (NASDAQ:NDSN) by 35.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,224 shares of the industrial products company’s stock after purchasing an additional 3,199 shares during the period. Nisa Investment Advisors LLC’s holdings in Nordson were worth $2,630,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its position in Nordson by 3.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock worth $540,867,000 after purchasing an additional 90,704 shares during the period. Invesco Ltd. grew its position in 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 during the period. Massachusetts Financial Services Co. MA grew its position in 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 during the period. Charles Schwab Investment Management Inc. grew its position 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. grew its position in Nordson by 3.9% in the 1st quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company’s stock worth $74,154,000 after purchasing an additional 13,926 shares during the period. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NDSN shares. Oppenheimer lifted their target price on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Robert W. Baird lifted 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. Jefferies Financial Group reiterated a “hold” rating and set a $240.00 price target on shares of Nordson in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, KeyCorp lifted their price target on shares of Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued 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 a consensus target price of $255.75.

Insider Buying and Selling at Nordson

In related 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 transaction of $534,497.00. Following the transaction, the executive vice president owned 8,605 shares in the company, valued at approximately $1,999,715.95. The trade was a 21.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Nordson Stock Down 0.6%

NDSN opened at $231.79 on Friday. 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 Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The firm’s fifty day moving average is $228.75 and its 200 day moving average is $214.97. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $646.86 million for the quarter. On average, sell-side analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently announced 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. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. Nordson’s dividend payout ratio is presently 41.21%.

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.