Northwestern Mutual Wealth Management Co. Has $85,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Northwestern Mutual Wealth Management Co. raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 23.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368 shares of the industrial products company’s stock after purchasing an additional 69 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Nordson were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDSN. Clarity Asset Management Inc. acquired a new position in shares of Nordson during the 4th quarter worth $88,000. Winslow Asset Management Inc. lifted its holdings in shares of Nordson by 0.4% in the fourth quarter. Winslow Asset Management Inc. now owns 62,796 shares of the industrial products company’s stock worth $16,588,000 after acquiring an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Nordson by 3.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,430 shares of the industrial products company’s stock valued at $11,208,000 after purchasing an additional 1,245 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Nordson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock valued at $1,603,368,000 after purchasing an additional 20,164 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Nordson during the 4th quarter worth approximately $1,204,000. 72.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Nordson Stock Performance

NASDAQ:NDSN opened at $256.62 on Friday. The stock’s 50-day moving average is $250.05 and its 200-day moving average is $249.10. Nordson Co. has a 1-year low of $208.91 and a 1-year 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 stock has a market cap of $14.67 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.35 EPS. Equities research analysts anticipate that Nordson Co. will post 9.55 earnings per share 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 1.22%. The ex-dividend date was Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is currently 38.00%.

Insiders Place Their Bets

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. Company 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.