Thrive Wealth Management LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN – Free Report) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,424 shares of the industrial products company’s stock after acquiring an additional 54 shares during the quarter. Thrive Wealth Management LLC’s holdings in Nordson were worth $374,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its position in shares of Nordson by 7.0% during the 3rd quarter. Czech National Bank now owns 11,082 shares of the industrial products company’s stock valued at $2,910,000 after acquiring an additional 729 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Nordson during the 2nd quarter valued at about $3,708,000. Cetera Investment Advisers boosted its position in shares of Nordson by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 14,736 shares of the industrial products company’s stock valued at $3,418,000 after acquiring an additional 358 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Nordson by 23.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 368 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 69 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Nordson by 11.9% during the 2nd quarter. Creative Planning now owns 3,575 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.
Nordson Trading Down 1.3 %
NDSN traded down $3.31 on Friday, hitting $252.00. The company had a trading volume of 260,078 shares, compared to its average volume of 236,677. The firm has a market cap of $14.43 billion, a P/E ratio of 30.04, a PEG ratio of 2.06 and a beta of 0.90. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The company’s fifty day moving average price is $249.18 and its 200 day moving average price is $249.65. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.
Nordson Increases Dividend
The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 1.24%. Nordson’s dividend payout ratio is 37.19%.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird boosted their price objective on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $293.00.
Read Our Latest Report on Nordson
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.
Further Reading
- Five stocks we like better than Nordson
- Investing In Preferred Stock vs. Common Stock
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Trading Halts Explained
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What is MarketRank™? How to Use it
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Co. (NASDAQ:NDSN – Free Report).
Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.