Nordson Corporation $NDSN Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in Nordson Corporation (NASDAQ:NDSN) by 4.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,068,214 shares of the industrial products company’s stock after acquiring an additional 48,556 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.89% of Nordson worth $228,993,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NDSN. Confluence Investment Management LLC grew its position in Nordson by 118.5% during the second quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock worth $72,048,000 after buying an additional 182,305 shares during the period. Nuveen LLC acquired a new position in Nordson during the first quarter worth $29,125,000. Invesco Ltd. boosted its position in Nordson by 15.9% during the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock worth $210,536,000 after purchasing an additional 142,991 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Nordson in the first quarter valued at $25,827,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Nordson by 3.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after buying an additional 90,704 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research reports. Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Robert W. Baird lifted their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $240.00 price objective on shares of Nordson in a research note on Thursday, August 21st. Finally, DA Davidson set a $285.00 target price on shares of Nordson in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.75.

Nordson Stock Down 1.2%

NDSN opened at $230.27 on Monday. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The business has a 50-day moving average of $230.43 and a two-hundred day moving average of $219.12.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter. The firm had revenue of $646.86 million during the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. On average, research analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.82 dividend. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. Nordson’s dividend payout ratio (DPR) is 41.21%.

Insider Transactions at Nordson

In related news, EVP Joseph P. Kelley sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $240.00, for a total value of $528,000.00. Following the transaction, the executive vice president owned 6,405 shares in the company, valued at approximately $1,537,200. This trade represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James E. Devries sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the sale, the executive vice president owned 51,223 shares of the company’s stock, valued at approximately $11,965,692.80. This represents a 15.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,600 shares of company stock valued at $3,188,257 in the last quarter. Company insiders own 0.80% of the company’s stock.

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.