Marshall Financial Group LLC Grows Stake in Nordson Co. (NASDAQ:NDSN)

Marshall Financial Group LLC increased its stake in Nordson Co. (NASDAQ:NDSN) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,141 shares of the industrial products company’s stock after acquiring an additional 64 shares during the period. Marshall Financial Group LLC’s holdings in Nordson were worth $1,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Nordson in the second quarter worth about $27,000. Tortoise Investment Management LLC lifted its stake in Nordson by 70.7% in 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 last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Nordson in the second quarter worth about $46,000. Headlands Technologies LLC bought a new stake in Nordson in the first quarter worth about $55,000. Finally, UMB Bank n.a. lifted its stake in 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 purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price objective on shares of Nordson from $272.00 to $287.00 and gave the stock 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

Insider Buying and Selling

In related news, EVP Joseph P. Kelley sold 3,000 shares of the business’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 value of $749,940.00. Following the completion of the transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Nordson Stock Performance

Nordson stock opened at $256.14 on Friday. The company has a 50 day moving average price of $251.84 and a 200-day moving average price of $248.66. 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 fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a market capitalization of $14.67 billion, a PE ratio of 30.53, a P/E/G ratio of 2.04 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Nordson Co. will post 9.55 earnings per share for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, August 27th. This is an increase from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is currently 37.19%.

Nordson 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.