1,687 Shares in Nordson Corporation $NDSN Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,687 shares of the industrial products company’s stock, valued at approximately $509,000.

Several other large investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in shares of Nordson in the 2nd quarter worth approximately $25,000. Private Trust Co. NA increased its position in shares of Nordson by 70.8% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson in the second quarter valued at $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Nordson in the second quarter valued at $33,000. Finally, MUFG Securities EMEA plc bought a new position in Nordson in the second quarter worth $34,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

Nordson stock opened at $304.21 on Wednesday. The firm has a market capitalization of $16.95 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.05 and a beta of 0.96. The stock has a fifty day moving average price of $296.34 and a two-hundred day moving average price of $286.09. Nordson Corporation has a 52-week low of $213.23 and a 52-week high of $315.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The company had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same quarter in the previous year, the company earned $2.42 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that Nordson Corporation will post 11.59 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is currently 34.97%.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of recent research reports. Oppenheimer lifted their price target on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. BNP Paribas Exane raised their price objective on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. DA Davidson upped their target price on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $311.29.

Nordson Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.