Keybank National Association OH Acquires 217 Shares of Nordson Corporation $NDSN

Keybank National Association OH increased its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,369 shares of the industrial products company’s stock after purchasing an additional 217 shares during the quarter. Keybank National Association OH’s holdings in Nordson were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDSN. Quarry LP bought a new position in Nordson during the 1st quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Nordson during the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in Nordson by 640.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. UMB Bank n.a. lifted its position in Nordson by 96.3% during the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Finally, Harbour Investments Inc. lifted its position in Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 54 shares during the period. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. DA Davidson set a $285.00 price target on Nordson in a report on Tuesday, October 21st. Robert W. Baird raised their target price on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

Nordson Stock Up 0.1%

NASDAQ NDSN opened at $231.95 on Friday. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $13.03 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The stock’s 50-day moving average price is $228.85 and its 200-day moving average price is $215.52.

Nordson (NASDAQ:NDSN) last released its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $646.86 million during the quarter. On average, equities research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.82 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. Nordson’s dividend payout ratio is presently 41.21%.

Insider Transactions at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 2,200 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $240.00, for a total value of $528,000.00. Following the completion of the sale, the executive vice president owned 6,405 shares in the company, valued at approximately $1,537,200. This represents a 25.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

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.