Nordson Corporation $NDSN Stock Holdings Increased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its position in Nordson Corporation (NASDAQ:NDSN) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 28,558 shares of the industrial products company’s stock after buying an additional 116 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Nordson were worth $6,122,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NDSN. Massachusetts Financial Services Co. MA grew its holdings in shares of Nordson by 156.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock valued at $205,685,000 after purchasing an additional 621,734 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Nordson by 118.5% during the second quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock valued at $72,048,000 after purchasing an additional 182,305 shares during the last quarter. Nuveen LLC bought a new position in shares of Nordson during the first quarter valued at approximately $29,125,000. Invesco Ltd. grew its holdings in shares of Nordson by 15.9% during the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock valued at $210,536,000 after purchasing an additional 142,991 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Nordson during the first quarter valued at approximately $25,827,000. 72.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NDSN has been the subject of several recent research reports. KeyCorp upped their target price on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Finally, Oppenheimer increased their price objective on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.75.

Insider Activity

In other news, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the completion of the sale, the executive vice president owned 8,605 shares in the company, valued at $1,999,715.95. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by insiders.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $235.66 on Tuesday. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The stock has a fifty day moving average of $225.77 and a 200-day moving average of $212.03. The company has a market capitalization of $13.24 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

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

Nordson Increases Dividend

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