ORG Partners LLC grew its position in Nordson Co. (NASDAQ:NDSN – Free Report) 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 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.
View Our Latest Stock Report on Nordson
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.
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