Nordson Co. (NASDAQ:NDSN) Shares Sold by XXEC Inc.

XXEC Inc. lessened its stake in Nordson Co. (NASDAQ:NDSN) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,327 shares of the industrial products company’s stock after selling 41 shares during the quarter. Nordson makes up approximately 5.6% of XXEC Inc.’s holdings, making the stock its 7th biggest holding. XXEC Inc.’s holdings in Nordson were worth $7,440,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Nordson by 3.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 118,656 shares of the industrial products company’s stock valued at $31,163,000 after purchasing an additional 4,231 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Nordson by 29.7% during the third quarter. WCM Investment Management LLC now owns 6,818 shares of the industrial products company’s stock valued at $1,784,000 after purchasing an additional 1,560 shares during the last quarter. Versor Investments LP boosted its position in Nordson by 34.0% during the 3rd quarter. Versor Investments LP now owns 1,363 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 346 shares during the period. Venturi Wealth Management LLC increased its position in Nordson by 62.3% in the third quarter. Venturi Wealth Management LLC now owns 1,427 shares of the industrial products company’s stock worth $375,000 after buying an additional 548 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Nordson Price Performance

Shares of NDSN opened at $261.21 on Tuesday. The firm has a market capitalization of $14.94 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. The stock’s fifty day moving average is $253.94 and its 200-day moving average is $246.88. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same period in the previous year, the firm earned $2.35 EPS. Nordson’s revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Nordson Co. will post 9.55 EPS for the current 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 paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.12 annualized dividend and a yield of 1.19%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio (DPR) is currently 38.00%.

Insider Buying and Selling

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were 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 owns 8,659 shares in the company, valued at approximately $2,164,576.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.