Hsbc Holdings PLC Grows Position in Nordson Co. (NASDAQ:NDSN)

Hsbc Holdings PLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,712 shares of the industrial products company’s stock after acquiring an additional 6,927 shares during the period. Hsbc Holdings PLC’s holdings in Nordson were worth $23,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Nordson in the second quarter worth $27,000. Tortoise Investment Management LLC raised its position in shares of Nordson by 70.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after buying an additional 58 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Nordson during the 2nd quarter valued at about $46,000. UMB Bank n.a. lifted its holdings in shares of Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 191 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its position in Nordson by 11,450.0% in the second quarter. McClarren Financial Advisors Inc. now owns 231 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 229 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Down 1.7 %

Shares of NASDAQ NDSN opened at $255.58 on Friday. The business’s 50 day moving average price is $245.70 and its 200-day moving average price is $249.89. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.00 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 earnings per share. On average, sell-side analysts expect that Nordson Co. will post 9.55 earnings per share for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a $0.78 dividend. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s dividend payout ratio is currently 37.19%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several analyst reports. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Robert W. Baird raised their price target on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.40.

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.