Global Strategic Investment Solutions LLC Purchases Shares of 791 Nordson Co. (NASDAQ:NDSN)

Global Strategic Investment Solutions LLC acquired a new position in Nordson Co. (NASDAQ:NDSN) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 791 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other institutional investors have also modified their holdings of NDSN. Massachusetts Financial Services Co. MA raised its position in Nordson by 289.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after acquiring an additional 193,421 shares in the last quarter. Swedbank AB bought a new stake in shares of Nordson in the 1st quarter worth approximately $48,044,000. Price T Rowe Associates Inc. MD lifted its stake in Nordson by 237.1% during 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 purchasing an additional 174,330 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Nordson by 10.4% in the first quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock worth $258,764,000 after buying an additional 88,966 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Nordson Trading Down 1.2 %

Shares of NASDAQ:NDSN traded down $3.28 during mid-day trading on Thursday, hitting $261.08. The stock had a trading volume of 14,325 shares, compared to its average volume of 232,681. Nordson Co. has a 12-month low of $220.69 and a 12-month high of $279.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a market cap of $14.93 billion, a PE ratio of 32.20, a P/E/G ratio of 1.84 and a beta of 0.90. The company’s 50 day moving average is $253.64 and its 200-day moving average is $246.96.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $656.49 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. Nordson’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.78 per share. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s payout ratio is currently 38.00%.

Analyst Ratings Changes

Separately, Robert W. Baird increased their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.