B. Riley Wealth Advisors Inc. lessened its holdings in Nordson Co. (NASDAQ:NDSN – Free Report) by 8.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 872 shares of the industrial products company’s stock after selling 76 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Nordson were worth $216,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Nordson in the 2nd quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Nordson by 225.7% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 114 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Nordson during the 2nd quarter worth approximately $28,000. Salem Investment Counselors Inc. bought a new position in shares of Nordson during the 2nd quarter worth approximately $31,000. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Nordson during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 70.88% of the company’s stock.
Nordson Stock Up 0.4 %
NDSN stock opened at $213.87 on Wednesday. The firm’s fifty day simple moving average is $229.37 and its 200-day simple moving average is $230.76. The company has a market capitalization of $12.19 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.23 and a quick ratio of 1.39. Nordson Co. has a 12 month low of $202.57 and a 12 month high of $253.40.
Nordson Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.68 per share. The ex-dividend date was Monday, August 21st. This is an increase from Nordson’s previous quarterly dividend of $0.65. This represents a $2.72 dividend on an annualized basis and a yield of 1.27%. Nordson’s dividend payout ratio is 31.34%.
Analyst Ratings Changes
Several research analysts recently commented on NDSN shares. Wells Fargo & Company boosted their price objective on shares of Nordson from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Jefferies Financial Group lowered shares of Nordson from a “buy” rating to a “hold” rating and cut their price target for the company from $260.00 to $240.00 in a research note on Tuesday, September 26th. BNP Paribas assumed coverage on shares of Nordson in a research note on Thursday, October 5th. They set an “outperform” rating and a $275.00 price target on the stock. Finally, Robert W. Baird upped their price target on shares of Nordson from $251.00 to $253.00 and gave the company an “outperform” rating in a research note on Wednesday, August 23rd. Two 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, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $259.71.
Read Our Latest Analysis on NDSN
Insider Buying and Selling
In related news, EVP James E. Devries sold 5,200 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $223.53, for a total transaction of $1,162,356.00. Following the sale, the executive vice president now directly owns 46,713 shares of the company’s stock, valued at $10,441,756.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Nordson news, EVP Stephen Lovass sold 1,216 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $230.11, for a total transaction of $279,813.76. Following the transaction, the executive vice president now directly owns 7,908 shares of the company’s stock, valued at $1,819,709.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James E. Devries sold 5,200 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $223.53, for a total transaction of $1,162,356.00. Following the transaction, the executive vice president now directly owns 46,713 shares in the company, valued at $10,441,756.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,716 shares of company stock valued at $1,744,056. Corporate insiders own 0.70% of the company’s stock.
Nordson 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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).
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