Nordson Co. (NASDAQ:NDSN) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,579 shares of the industrial products company's stock after purchasing an additional 5,656 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.23% of Nordson worth $34,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDSN. Procyon Advisors LLC lifted its stake in Nordson by 2.9% during the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company's stock valued at $367,000 after acquiring an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC raised its holdings in Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company's stock valued at $1,052,000 after acquiring an additional 39 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Nordson by 0.3% in the first quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company's stock valued at $3,288,000 after purchasing an additional 40 shares during the period. Everpar Advisors LLC lifted its holdings in Nordson by 2.1% in the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company's stock valued at $469,000 after acquiring an additional 42 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Nordson by 1.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company's stock valued at $752,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Performance

NDSN traded down $1.47 on Monday, hitting $247.56. 382,017 shares of the company traded hands, compared to its average volume of 233,949. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $14.16 billion, a PE ratio of 30.19, a PEG ratio of 2.00 and a beta of 0.90. The company has a 50 day moving average of $253.72 and a 200-day moving average of $246.97. Nordson Co. has a 12-month low of $219.46 and a 12-month high of $279.38.

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

Nordson Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, August 27th. This is an increase from Nordson's previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.26%. Nordson's dividend payout ratio is 38.00%.

Insiders Place Their Bets

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on Nordson from $272.00 to $287.00 and gave the company an "outperform" rating in a research 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 MarketBeat, Nordson has an average rating of "Moderate Buy" and a consensus target price of $299.00.

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.