827 Shares in Nordson Co. (NASDAQ:NDSN) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in Nordson Co. (NASDAQ:NDSN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 827 shares of the industrial products company’s stock, valued at approximately $217,000.

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

Wall Street Analyst Weigh In

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

Nordson Stock Performance

Shares of NDSN stock opened at $250.37 on Tuesday. The business’s 50-day moving average price is $253.79 and its 200-day moving average price is $247.35. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.00 and a beta of 0.90.

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

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.78 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is currently 38.00%.

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.