International Assets Investment Management LLC Acquires 103,653 Shares of Nordson Co. (NASDAQ:NDSN)

International Assets Investment Management LLC raised its holdings in Nordson Co. (NASDAQ:NDSN) by 26,109.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 104,050 shares of the industrial products company’s stock after buying an additional 103,653 shares during the quarter. International Assets Investment Management LLC’s holdings in Nordson were worth $27,327,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Nordson by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 6,122,129 shares of the industrial products company’s stock worth $1,680,769,000 after buying an additional 52,443 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after buying an additional 68,810 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Nordson by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock worth $258,764,000 after buying an additional 88,966 shares during the last quarter. American Century Companies Inc. grew its position in shares of Nordson by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock worth $139,624,000 after buying an additional 15,947 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Nordson by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 490,167 shares of the industrial products company’s stock valued at $113,689,000 after purchasing an additional 11,809 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction 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 completion of the transaction, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

Nordson Trading Up 0.9 %

NDSN opened at $250.37 on Tuesday. The stock has a market cap of $14.32 billion, a PE ratio of 30.50, a PEG ratio of 2.00 and a beta of 0.90. 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 business has a 50 day moving average of $253.79 and a 200-day moving average of $247.35. Nordson Co. has a 52 week low of $208.91 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. The company had revenue of $661.60 million during 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%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS. Equities research analysts predict that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently disclosed 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. This is a boost from Nordson’s previous quarterly dividend of $0.68. 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%. Nordson’s payout ratio is presently 38.00%.

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.