LRI Investments LLC Increases Stock Position in Nordson Co. (NASDAQ:NDSN)

LRI Investments LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 2,412.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 980 shares of the industrial products company’s stock after acquiring an additional 941 shares during the period. LRI Investments LLC’s holdings in Nordson were worth $227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Nordson during the 1st quarter valued at $55,000. Christopher J. Hasenberg Inc purchased a new position in Nordson during the first quarter worth about $58,000. Crewe Advisors LLC bought a new position in Nordson in the 1st quarter worth about $67,000. Clarity Asset Management Inc. purchased a new stake in shares of Nordson in the 4th quarter valued at about $88,000. Finally, Sound Income Strategies LLC boosted its position in shares of Nordson by 217.8% during the 1st quarter. Sound Income Strategies LLC now owns 321 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

NDSN has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson lowered their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Robert W. Baird upped their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.40.

Nordson Price Performance

Shares of Nordson stock opened at $257.40 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. Nordson Co. has a 52-week low of $208.91 and a 52-week high of $279.38. The company has a fifty day moving average of $236.72 and a 200-day moving average of $251.63. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.08. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $656.49 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share. Equities research analysts expect that Nordson Co. will post 9.52 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be paid a $0.78 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, August 27th. Nordson’s payout ratio is 37.19%.

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; Medical and Fluid Solutions; and Advanced Technology Solutions.