Nordson Corporation $NDSN is Mcdaniel Terry & Co.’s 5th Largest Position

Mcdaniel Terry & Co. lowered its position in Nordson Corporation (NASDAQ:NDSN) by 0.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 234,966 shares of the industrial products company’s stock after selling 169 shares during the period. Nordson comprises about 4.1% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 5th largest holding. Mcdaniel Terry & Co.’s holdings in Nordson were worth $50,370,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in Nordson by 5.7% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 133,270 shares of the industrial products company’s stock worth $28,569,000 after purchasing an additional 7,237 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock worth $32,000 after buying an additional 128 shares during the period. Roman Butler Fullerton & Co. bought a new stake in shares of Nordson during the 2nd quarter worth approximately $203,000. Ethic Inc. grew its position in Nordson by 17.6% in the 2nd quarter. Ethic Inc. now owns 7,073 shares of the industrial products company’s stock valued at $1,521,000 after acquiring an additional 1,061 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Nordson in the second quarter worth $489,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Price Performance

NDSN opened at $235.90 on Friday. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The firm has a market capitalization of $13.26 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. 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’s 50-day moving average is $227.28 and its two-hundred day moving average is $213.28.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 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%. Research analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

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

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 2,200 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $240.00, for a total transaction of $528,000.00. Following the transaction, the executive vice president owned 6,405 shares in the company, valued at $1,537,200. This represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NDSN. KeyCorp raised their price target on shares of Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. DA Davidson set a $285.00 price target on Nordson in a report on Tuesday. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Jefferies Financial Group reissued a “hold” rating and set a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $255.75.

About Nordson

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.