WCM Investment Management LLC Boosts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

WCM Investment Management LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 29.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,818 shares of the industrial products company’s stock after purchasing an additional 1,560 shares during the quarter. WCM Investment Management LLC’s holdings in Nordson were worth $1,784,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of NDSN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nordson during the 2nd quarter worth $27,000. Tortoise Investment Management LLC raised its stake in Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. boosted its holdings in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Nordson in the 2nd quarter valued at approximately $46,000. Finally, UMB Bank n.a. increased its holdings in shares of 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 last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

Nordson Stock Down 0.1 %

Shares of NDSN opened at $261.21 on Tuesday. The company’s 50-day simple moving average is $253.94 and its 200-day simple moving average is $246.88. 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 Co. has a 1 year low of $222.18 and a 1 year high of $279.38. The stock has a market capitalization of $14.94 billion, a PE ratio of 31.82, a P/E/G ratio of 1.94 and a beta of 0.90.

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 analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 earnings per share. Analysts forecast that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.78 per share. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s payout ratio is 38.00%.

Analyst Ratings Changes

Separately, Robert W. Baird upped their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a 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 price target of $299.00.

About Nordson

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.