UMB Bank n.a. Increases Stake in Nordson Co. (NASDAQ:NDSN)

UMB Bank n.a. increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 2,387.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 199 shares of the industrial products company’s stock after buying an additional 191 shares during the period. UMB Bank n.a.’s holdings in Nordson were worth $46,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Nordson by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,122,129 shares of the industrial products company’s stock valued at $1,680,769,000 after purchasing an additional 52,443 shares in the last quarter. Lazard Asset Management LLC boosted its position in Nordson by 10.4% during the first quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after purchasing an additional 88,966 shares in the last quarter. Norges Bank bought a new stake in Nordson during the fourth quarter valued at about $158,948,000. Bank of New York Mellon Corp boosted its position in Nordson by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock valued at $113,689,000 after purchasing an additional 11,809 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Nordson by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 484,863 shares of the industrial products company’s stock valued at $128,081,000 after purchasing an additional 4,416 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 0.5 %

Nordson stock opened at $256.56 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson Co. has a 52 week low of $208.91 and a 52 week high of $279.38. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. The stock has a 50-day moving average price of $239.15 and a 200 day moving average price of $251.46.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Nordson Co. will post 9.52 EPS for the current year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be issued a dividend of $0.78 per share. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.22%. Nordson’s payout ratio is 37.19%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. DA Davidson lowered their price target on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $282.40.

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.