SG Americas Securities LLC Has $2.37 Million Holdings in Nordson Co. (NASDAQ:NDSN)

SG Americas Securities LLC cut its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 22.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,030 shares of the industrial products company's stock after selling 2,647 shares during the period. SG Americas Securities LLC's holdings in Nordson were worth $2,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. Massachusetts Financial Services Co. MA raised its position in Nordson by 289.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company's stock valued at $60,377,000 after purchasing an additional 193,421 shares in the last quarter. Swedbank AB bought a new stake in shares of Nordson during the 1st quarter worth $48,044,000. Price T Rowe Associates Inc. MD boosted its stake in Nordson by 237.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company's stock valued at $68,049,000 after buying an additional 174,330 shares in the last quarter. Confluence Investment Management LLC bought a new position in Nordson in the first quarter valued at about $42,894,000. Finally, Lazard Asset Management LLC raised its stake in Nordson by 10.4% during the first quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company's stock worth $258,764,000 after acquiring an additional 88,966 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN stock traded down $2.48 during midday trading on Tuesday, reaching $250.31. 261,633 shares of the stock were exchanged, compared to its average volume of 237,120. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The stock has a market capitalization of $14.34 billion, a PE ratio of 30.13, a P/E/G ratio of 2.06 and a beta of 0.90. Nordson Co. has a 52 week low of $208.91 and a 52 week high of $279.38. The company has a fifty day moving average price of $249.45 and a 200 day moving average price of $249.24.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, analysts expect that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.78 per share. This is a positive change from Nordson's previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson's dividend payout ratio (DPR) is currently 37.19%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on shares of Nordson from $272.00 to $287.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $299.00.

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.