Roffman Miller Associates Inc. PA Boosts Stake in Nordson Corporation $NDSN

Roffman Miller Associates Inc. PA grew its position in shares of Nordson Corporation (NASDAQ:NDSN) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,005 shares of the industrial products company’s stock after acquiring an additional 1,917 shares during the quarter. Nordson comprises 2.0% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 20th biggest position. Roffman Miller Associates Inc. PA’s holdings in Nordson were worth $33,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. grew its holdings in shares of Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 54 shares during the period. Three Seasons Wealth LLC lifted its position in Nordson by 3.0% during the second quarter. Three Seasons Wealth LLC now owns 1,844 shares of the industrial products company’s stock valued at $397,000 after buying an additional 54 shares in the last quarter. Wedbush Securities Inc. grew its stake in Nordson by 2.2% during the first quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company’s stock worth $553,000 after buying an additional 58 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Nordson by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock worth $486,000 after acquiring an additional 67 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Nordson by 0.6% in the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company’s stock valued at $2,146,000 after acquiring an additional 69 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $229.66 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The business has a 50 day moving average price of $228.93 and a two-hundred day moving average price of $216.11. The firm has a market cap of $12.90 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

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

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.28 annualized dividend and a yield of 1.4%. This is an increase from Nordson’s previous quarterly dividend of $0.78. Nordson’s dividend payout ratio (DPR) is 41.21%.

Analyst Ratings Changes

Several analysts recently issued reports on NDSN shares. DA Davidson set a $285.00 price target on Nordson in a report on Tuesday, October 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, KeyCorp increased their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and an average price target of $255.75.

Insider Buying and Selling at Nordson

In other news, EVP Joseph P. Kelley sold 2,200 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $240.00, for a total value of $528,000.00. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

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.