Nordson Corporation $NDSN Stake Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,813 shares of the industrial products company’s stock after acquiring an additional 1,972 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Nordson were worth $16,681,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NDSN. Quarry LP acquired a new stake in shares of Nordson during the first quarter worth approximately $28,000. Trust Co. of Toledo NA OH purchased a new stake in Nordson in the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nordson by 640.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after buying an additional 128 shares during the period. NewSquare Capital LLC grew its holdings in shares of Nordson by 212.0% during the 2nd quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 106 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Nordson by 96.3% in the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Nordson news, EVP Joseph P. Kelley sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $240.00, for a total value of $528,000.00. Following the sale, the executive vice president owned 6,405 shares of the company’s stock, valued at $1,537,200. This trade represents a 25.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James E. Devries sold 9,100 shares of Nordson stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $233.60, for a total value of $2,125,760.00. Following the completion of the transaction, the executive vice president directly owned 51,223 shares in the company, valued at approximately $11,965,692.80. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,600 shares of company stock worth $3,188,257. 0.80% of the stock is currently owned by company insiders.

Nordson Trading Down 0.5%

Shares of NDSN stock opened at $226.69 on Wednesday. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a market cap of $12.74 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $230.55 and its two-hundred day moving average is $219.62.

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

Nordson Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on NDSN shares. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Oppenheimer raised their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Jefferies Financial Group reissued a “hold” rating and issued a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Finally, Robert W. Baird raised their price target on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

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.