ORG Partners LLC Purchases 769 Shares of Nordson Co. (NASDAQ:NDSN)

ORG Partners LLC grew its position in Nordson Co. (NASDAQ:NDSN) by 1,538.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 819 shares of the industrial products company’s stock after purchasing an additional 769 shares during the quarter. ORG Partners LLC’s holdings in Nordson were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NDSN. Headlands Technologies LLC bought a new position in shares of Nordson in the first quarter valued at approximately $55,000. Christopher J. Hasenberg Inc bought a new position in Nordson during the first quarter worth $58,000. Crewe Advisors LLC bought a new position in Nordson during the first quarter worth $67,000. Clarity Asset Management Inc. bought a new position in Nordson during the fourth quarter worth $88,000. Finally, Sound Income Strategies LLC increased its position in Nordson by 217.8% during the first quarter. Sound Income Strategies LLC now owns 321 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 220 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NDSN traded down $0.92 during trading on Wednesday, reaching $236.49. 171,602 shares of the company’s stock were exchanged, compared to its average volume of 235,904. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $234.13 and a 200 day moving average price of $252.19. The company has a market capitalization of $13.54 billion, a P/E ratio of 28.30, a PEG ratio of 1.97 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. During the same quarter in the previous year, the company earned $2.26 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, analysts predict that Nordson Co. will post 9.52 earnings per share for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is currently 32.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson dropped their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Robert W. Baird decreased their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $279.40.

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.