Nordson Corporation $NDSN Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 2.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,762 shares of the industrial products company’s stock after selling 135 shares during the quarter. Inspire Investing LLC’s holdings in Nordson were worth $1,450,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NDSN. SG Americas Securities LLC boosted its position in Nordson by 124.6% during the 1st quarter. SG Americas Securities LLC now owns 7,586 shares of the industrial products company’s stock worth $1,530,000 after acquiring an additional 4,209 shares during the period. CX Institutional acquired a new position in Nordson during the 1st quarter worth $67,000. Elevation Point Wealth Partners LLC boosted its position in Nordson by 14.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,388 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 178 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in shares of Nordson in the first quarter valued at $2,199,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nordson by 6.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company’s stock valued at $981,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NDSN shares. Oppenheimer upped their price objective on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Jefferies Financial Group restated a “hold” rating and issued a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Wolfe Research started coverage on Nordson in a report on Wednesday, June 18th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird upped their price objective on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average target price of $255.75.

Nordson Stock Down 2.4%

Shares of Nordson stock opened at $228.16 on Friday. The stock’s fifty day moving average is $223.26 and its 200-day moving average is $210.41. The firm has a market capitalization of $12.82 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86.

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

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 1.4%. Nordson’s payout ratio is presently 41.21%.

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.