Nordson Co. (NASDAQ:NDSN) Shares Bought by Creative Planning

Creative Planning grew its position in Nordson Co. (NASDAQ:NDSN) by 16.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,147 shares of the industrial products company’s stock after acquiring an additional 572 shares during the period. Creative Planning’s holdings in Nordson were worth $1,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Nordson in the third quarter valued at approximately $216,000. Procyon Advisors LLC increased its position in shares of Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 39 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Nordson by 36.6% in the 3rd quarter. Sound Income Strategies LLC now owns 754 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 202 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Nordson in the 3rd quarter valued at $213,000. Finally, Ritholtz Wealth Management lifted its position in shares of Nordson by 18.9% during the 3rd quarter. Ritholtz Wealth Management now owns 3,292 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nordson Stock Down 1.2 %

Shares of NASDAQ NDSN opened at $247.89 on Friday. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.90. Nordson Co. has a 52 week low of $208.91 and a 52 week high of $279.38. The firm has a 50-day moving average price of $254.05 and a 200 day moving average price of $247.27. 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 released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.08. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 EPS. Equities research analysts anticipate that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company 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. 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 1.26%. This is a positive change from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio (DPR) is 38.00%.

Insiders Place Their Bets

In related news, EVP Joseph P. Kelley sold 3,000 shares of the 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 transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

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.