Outlook Wealth Advisors LLC Purchases 77 Shares of Nordson Co. (NASDAQ:NDSN)

Outlook Wealth Advisors LLC boosted its position in Nordson Co. (NASDAQ:NDSN) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,180 shares of the industrial products company’s stock after purchasing an additional 77 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Nordson were worth $274,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Nordson in the 1st quarter worth approximately $55,000. Christopher J. Hasenberg Inc acquired a new position in Nordson in the 1st quarter worth approximately $58,000. Crewe Advisors LLC acquired a new position in Nordson in the 1st quarter worth approximately $67,000. Clarity Asset Management Inc. acquired a new position in Nordson in the 4th quarter worth approximately $88,000. Finally, Sound Income Strategies LLC increased its holdings in Nordson by 217.8% in the 1st quarter. Sound Income Strategies LLC now owns 321 shares of the industrial products company’s stock worth $88,000 after buying an additional 220 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDSN has been the topic of several recent research reports. DA Davidson lowered their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Robert W. Baird dropped 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. Finally, StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Price Performance

NDSN traded down $0.76 on Friday, hitting $239.66. 999,768 shares of the company’s stock were exchanged, compared to its average volume of 240,446. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $234.84 and a 200-day moving average price of $251.89. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.97 and a beta of 0.91.

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

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, August 27th. This is a positive change from Nordson’s previous quarterly dividend of $0.68. Nordson’s payout ratio is currently 32.42%.

About Nordson

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.