Nordson Co. (NASDAQ:NDSN) Shares Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,424 shares of the industrial products company’s stock after acquiring an additional 54 shares during the quarter. Thrive Wealth Management LLC’s holdings in Nordson were worth $374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its position in shares of Nordson by 7.0% during the 3rd quarter. Czech National Bank now owns 11,082 shares of the industrial products company’s stock valued at $2,910,000 after acquiring an additional 729 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Nordson during the 2nd quarter valued at about $3,708,000. Cetera Investment Advisers boosted its position in shares of Nordson by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 14,736 shares of the industrial products company’s stock valued at $3,418,000 after acquiring an additional 358 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Nordson by 23.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 69 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Nordson by 11.9% during the 2nd quarter. Creative Planning now owns 3,575 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Down 1.3 %

NDSN traded down $3.31 on Friday, hitting $252.00. The company had a trading volume of 260,078 shares, compared to its average volume of 236,677. The firm has a market cap of $14.43 billion, a P/E ratio of 30.04, a PEG ratio of 2.06 and a beta of 0.90. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The company’s fifty day moving average price is $249.18 and its 200 day moving average price is $249.65. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

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

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 1.24%. Nordson’s dividend payout ratio is 37.19%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $293.00.

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.