Isthmus Partners LLC Boosts Holdings in Nordson Co. (NASDAQ:NDSN)

Isthmus Partners LLC lifted its holdings in Nordson Co. (NASDAQ:NDSN) by 5.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,103 shares of the industrial products company’s stock after purchasing an additional 59 shares during the period. Isthmus Partners LLC’s holdings in Nordson were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NDSN. Norges Bank acquired a new position in shares of Nordson in the fourth quarter valued at approximately $158,948,000. Public Employees Retirement Association of Colorado grew its position in shares of Nordson by 1,579.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock worth $91,762,000 after buying an additional 326,690 shares in the last quarter. Swedbank AB acquired a new position in shares of Nordson during the first quarter worth about $48,044,000. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $68,049,000 after buying an additional 174,330 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in Nordson in the first quarter valued at approximately $42,894,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Down 0.9 %

NASDAQ:NDSN traded down $2.33 during midday trading on Friday, hitting $244.27. 170,894 shares of the company were exchanged, compared to its average volume of 243,610. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a market capitalization of $13.99 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a fifty day simple moving average of $241.05 and a 200 day simple moving average of $251.03.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $2.35 EPS. As a group, equities analysts anticipate that Nordson Co. will post 9.55 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 given a $0.78 dividend. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.12 annualized dividend and a yield of 1.28%. Nordson’s dividend payout ratio is 37.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson cut their price target on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Robert W. Baird upped their price objective on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.40.

Nordson Company 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.