Whittier Trust Co. of Nevada Inc. Buys 166 Shares of Nordson Co. (NASDAQ:NDSN)

Whittier Trust Co. of Nevada Inc. grew its position in Nordson Co. (NASDAQ:NDSN) by 84.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 363 shares of the industrial products company’s stock after purchasing an additional 166 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Nordson were worth $95,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC lifted its position in Nordson by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Nordson by 1.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 39 shares during the period. Retirement Systems of Alabama lifted its position in shares of Nordson by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock worth $3,288,000 after purchasing an additional 40 shares during the last quarter. Everpar Advisors LLC boosted its stake in Nordson by 2.1% during the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 42 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Nordson by 0.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock valued at $1,792,000 after buying an additional 49 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.5 %

NDSN stock opened at $249.97 on Thursday. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $14.32 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90. The business’s 50-day simple moving average is $252.97 and its 200 day simple moving average is $247.97.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. Nordson’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.35 earnings per share. On average, research analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a yield of 1.25%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is presently 37.19%.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $299.00.

About Nordson

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.