Toronto Dominion Bank Has $5.18 Million Stake in Nordson Co. (NASDAQ:NDSN)

Toronto Dominion Bank lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 27.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,321 shares of the industrial products company’s stock after selling 8,295 shares during the period. Toronto Dominion Bank’s holdings in Nordson were worth $5,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Nordson during the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 70.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock valued at $32,000 after buying an additional 58 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Nordson in the 2nd quarter valued at $46,000. UMB Bank n.a. raised its stake in Nordson by 2,387.5% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after buying an additional 191 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its holdings in Nordson by 11,450.0% during the second quarter. McClarren Financial Advisors Inc. now owns 231 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 229 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nordson Trading Up 0.3 %

Shares of NASDAQ:NDSN opened at $261.66 on Friday. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 31.19, 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 Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The company’s fifty day simple moving average is $247.53 and its 200 day simple moving average is $249.66.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share 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 analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. Nordson’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 earnings per share. As a group, research analysts forecast that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.19%. Nordson’s dividend payout ratio (DPR) is 37.19%.

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.