Nordson Co. (NASDAQ:NDSN) is Winslow Asset Management Inc.’s 9th Largest Position

Winslow Asset Management Inc. reduced its position in shares of Nordson Co. (NASDAQ:NDSN) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,453 shares of the industrial products company’s stock after selling 318 shares during the period. Nordson comprises about 2.9% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 9th largest holding. Winslow Asset Management Inc.’s holdings in Nordson were worth $15,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NDSN. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Nordson by 6.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,332 shares of the industrial products company’s stock valued at $1,738,000 after acquiring an additional 405 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Nordson by 80.8% in the 1st quarter. SG Americas Securities LLC now owns 5,680 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 2,539 shares in the last quarter. Swiss National Bank lifted its position in shares of Nordson by 1.1% in the 1st quarter. Swiss National Bank now owns 162,200 shares of the industrial products company’s stock worth $44,530,000 after purchasing an additional 1,800 shares during the period. Headlands Technologies LLC bought a new position in shares of Nordson during the first quarter valued at approximately $55,000. Finally, QRG Capital Management Inc. increased its holdings in Nordson by 8.8% during the first quarter. QRG Capital Management Inc. now owns 1,271 shares of the industrial products company’s stock valued at $349,000 after buying an additional 103 shares during the period. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird upped their target price on Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

Nordson Stock Performance

Shares of Nordson stock opened at $261.21 on Tuesday. Nordson Co. has a one year low of $222.18 and a one year high of $279.38. The company has a market capitalization of $14.94 billion, a PE ratio of 31.82, a P/E/G ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The company has a 50-day simple moving average of $253.94 and a two-hundred day simple moving average of $246.88.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the prior year, the company posted $2.35 earnings per share. Nordson’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a $0.78 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.19%. Nordson’s dividend payout ratio (DPR) is presently 38.00%.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.