Roman Butler Fullerton & Co. Buys New Shares in Nordson Co. (NASDAQ:NDSN)

Roman Butler Fullerton & Co. bought a new stake in Nordson Co. (NASDAQ:NDSN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 839 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently bought and sold shares of NDSN. Wealth Enhancement Advisory Services LLC grew its holdings in Nordson by 15.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,536 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 465 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Nordson by 6.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 130,013 shares of the industrial products company’s stock worth $35,694,000 after buying an additional 7,986 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in Nordson during the first quarter worth approximately $212,000. Van ECK Associates Corp grew its stake in Nordson by 7.0% during the first quarter. Van ECK Associates Corp now owns 7,675 shares of the industrial products company’s stock worth $2,107,000 after buying an additional 503 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Nordson by 0.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,527 shares of the industrial products company’s stock worth $4,755,000 after buying an additional 157 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $299.00.

Nordson Trading Down 0.6 %

NASDAQ NDSN opened at $247.56 on Tuesday. The company’s fifty day simple moving average is $253.72 and its 200-day simple moving average is $246.97. Nordson Co. has a 52 week low of $219.46 and a 52 week high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.16 billion, a P/E ratio of 30.15, a PEG ratio of 1.85 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last posted 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 17.75% and a return on equity of 19.80%. The business had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. During the same period in the previous year, the company posted $2.35 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts predict that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.78 dividend. The ex-dividend date was Tuesday, August 27th. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.26%. Nordson’s dividend payout ratio is currently 38.00%.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is currently 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.