Nordson Co. (NASDAQ:NDSN) Shares Sold by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 5.2% in the second quarter, HoldingsChannel reports. The firm owned 912 shares of the industrial products company’s stock after selling 50 shares during the period. Davies Financial Advisors Inc.’s holdings in Nordson were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDSN. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Nordson in the second quarter worth about $46,000. UMB Bank n.a. raised its position in shares of Nordson by 2,387.5% in the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 191 shares during the period. McClarren Financial Advisors Inc. raised its position in shares of Nordson by 11,450.0% in the second quarter. McClarren Financial Advisors Inc. now owns 231 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 229 shares during the period. Headlands Technologies LLC acquired a new position in shares of Nordson in the first quarter worth about $55,000. Finally, Christopher J. Hasenberg Inc acquired a new position in shares of Nordson in the first quarter worth about $58,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDSN has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, DA Davidson cut their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average target price of $282.40.

Nordson Price Performance

Shares of NDSN stock traded up $1.40 on Friday, reaching $256.56. 252,504 shares of the company were exchanged, compared to its average volume of 244,961. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.97 and a beta of 0.91. The business has a 50-day moving average price of $239.15 and a 200 day moving average price of $251.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last released its 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 18.23% and a return on equity of 20.20%. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the previous year, the company earned $2.35 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Nordson Co. will post 9.52 earnings per share for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 27th. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio is currently 37.19%.

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.