Nordson Co. (NASDAQ:NDSN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,973 shares of the industrial products company’s stock after purchasing an additional 8,749 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.79% of Nordson worth $100,644,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its holdings in Nordson by 208.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Smithfield Trust Co raised its holdings in Nordson by 105.6% during the third quarter. Smithfield Trust Co now owns 146 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in Nordson during the second quarter worth about $31,000. Artemis Wealth Advisors LLC purchased a new position in Nordson during the second quarter worth about $42,000. Finally, Avior Wealth Management LLC raised its holdings in Nordson by 49.1% during the third quarter. Avior Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 56 shares in the last quarter. 70.88% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 0.7 %

NDSN stock opened at $263.63 on Friday. The company’s 50 day simple moving average is $252.82 and its 200-day simple moving average is $238.59. The firm has a market capitalization of $15.06 billion, a PE ratio of 31.16, a P/E/G ratio of 1.98 and a beta of 1.00. Nordson Co. has a 12 month low of $202.57 and a 12 month high of $265.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.11 and a quick ratio of 1.33.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings results on Thursday, December 14th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.40 by $0.06. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $706.19 million. Nordson had a net margin of 18.55% and a return on equity of 20.56%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 earnings per share. Equities analysts expect that Nordson Co. will post 10.08 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.03%. Nordson’s dividend payout ratio is presently 32.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.83.

Read Our Latest Analysis on NDSN

Insider Activity

In related news, EVP Stephen Lovass sold 221 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $232.59, for a total transaction of $51,402.39. Following the sale, the executive vice president now owns 8,868 shares in the company, valued at $2,062,608.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Stephen Lovass sold 221 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $232.59, for a total transaction of $51,402.39. Following the sale, the executive vice president now owns 8,868 shares in the company, valued at $2,062,608.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph P. Kelley sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $260.25, for a total transaction of $728,700.00. Following the sale, the executive vice president now owns 9,782 shares in the company, valued at approximately $2,545,765.50. The disclosure for this sale can be found here. Insiders have sold 12,118 shares of company stock worth $3,002,920 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Nordson Profile

(Free Report)

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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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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