Global Strategic Investment Solutions LLC Invests $208,000 in Nordson Co. (NASDAQ:NDSN)

Global Strategic Investment Solutions LLC bought a new stake in Nordson Co. (NASDAQ:NDSN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 791 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other hedge funds have also made changes to their positions in NDSN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nordson in the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC grew its holdings in shares of 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 last quarter. Blue Trust Inc. increased its stake in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Nordson during the 2nd quarter worth about $46,000. Finally, Headlands Technologies LLC bought a new stake in Nordson during the 1st quarter worth about $55,000. Institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 1.2 %

Shares of Nordson stock traded down $3.28 on Thursday, hitting $261.08. 14,325 shares of the company’s stock traded hands, compared to its average volume of 232,681. Nordson Co. has a one year low of $220.69 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The stock has a market capitalization of $14.93 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90. The firm’s 50-day moving average price is $253.64 and its two-hundred day moving average price is $246.96.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.35 earnings per share. On average, research analysts expect that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.20%. Nordson’s dividend payout ratio (DPR) is 38.00%.

Insider Activity

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was 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 owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and an average price target of $299.00.

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.