Creative Planning Grows Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Creative Planning increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,575 shares of the industrial products company’s stock after purchasing an additional 380 shares during the period. Creative Planning’s holdings in Nordson were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDSN. Scientech Research LLC purchased a new position in shares of Nordson during the 2nd quarter valued at about $500,000. Mackenzie Financial Corp raised its position in Nordson by 120.4% during the second quarter. Mackenzie Financial Corp now owns 4,687 shares of the industrial products company’s stock valued at $1,087,000 after acquiring an additional 2,560 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Nordson by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 36,099 shares of the industrial products company’s stock valued at $8,373,000 after acquiring an additional 473 shares during the period. MBB Public Markets I LLC purchased a new stake in Nordson in the 2nd quarter worth approximately $872,000. Finally, Dundas Partners LLP grew its stake in shares of Nordson by 1.0% during the 2nd quarter. Dundas Partners LLP now owns 119,311 shares of the industrial products company’s stock worth $27,673,000 after purchasing an additional 1,194 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Up 1.2 %

Shares of NDSN opened at $256.62 on Friday. The firm has a market cap of $14.67 billion, a P/E ratio of 31.26, a PEG ratio of 2.04 and a beta of 0.90. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The stock’s 50 day moving average is $250.05 and its two-hundred day moving average is $249.10. 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 EPS for the quarter, topping the consensus estimate of $2.33 by $0.08. The company had revenue of $661.60 million during 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 firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 EPS. Analysts predict that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.22%. This is a boost from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 27th. Nordson’s payout ratio is presently 38.00%.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $299.00.

Insiders Place Their Bets

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

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.