Vanguard Personalized Indexing Management LLC Buys 154 Shares of Nordson Co. (NASDAQ:NDSN)

Vanguard Personalized Indexing Management LLC raised its stake in Nordson Co. (NASDAQ:NDSN) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,246 shares of the industrial products company’s stock after purchasing an additional 154 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Nordson were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in Nordson by 5,590.7% during the 1st quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock worth $1,343,000 after acquiring an additional 4,808 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Nordson by 61.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after purchasing an additional 11,875 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Nordson in the 1st quarter valued at about $1,562,000. Cetera Investment Advisers lifted its position in shares of Nordson by 422.3% during the 1st quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock worth $3,947,000 after buying an additional 11,625 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Nordson by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 123,965 shares of the industrial products company’s stock worth $34,033,000 after buying an additional 3,969 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

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

Nordson Stock Up 2.1 %

NDSN opened at $260.96 on Friday. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The company’s 50-day moving average price is $247.03 and its two-hundred day moving average price is $249.77. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.06 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.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $656.49 million. During the same period in the prior year, the company earned $2.35 earnings per share. Nordson’s revenue was up 2.0% compared to the same quarter last year. 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. Stockholders of record on Tuesday, August 27th were given a $0.78 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.12 annualized dividend and a dividend yield of 1.20%. This is a positive change from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is 37.19%.

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.