Nordson Corporation $NDSN Holdings Lifted by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp increased its stake in Nordson Corporation by 22.8% during the second quarter, owning approximately 0.63% of the company valued at $76.23 million.
• Nordson reported a Q3 EPS of $2.42, with a net margin of 16.34% and revenue of $646.86 million.
• The company has declared a quarterly dividend increase from $0.78 to $0.82 per share, resulting in a 1.4% dividend yield.

Boston Trust Walden Corp grew its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 22.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 355,613 shares of the industrial products company's stock after purchasing an additional 65,980 shares during the period. Boston Trust Walden Corp owned approximately 0.63% of Nordson worth $76,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in Nordson in the 1st quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Nordson in the second quarter valued at approximately $31,000. UMB Bank n.a. boosted its holdings in shares of Nordson by 96.3% in the second quarter. UMB Bank n.a. now owns 161 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Nordson by 36.7% in the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 54 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Nordson by 74.8% in the first quarter. National Pension Service now owns 201 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Nordson Stock Up 1.0%

Nordson stock opened at $230.52 on Tuesday. The firm has a market cap of $12.95 billion, a PE ratio of 28.96, a P/E/G ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. The firm's 50 day moving average price is $223.62 and its two-hundred day moving average price is $210.65. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $646.86 million for the quarter. On average, research analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a dividend of $0.82 per share. This is a positive change from Nordson's previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. Nordson's dividend payout ratio (DPR) is currently 41.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NDSN shares. KeyCorp increased their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Vertical Research started coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective for the company. Wolfe Research started coverage on shares of Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Oppenheimer increased their price objective on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Finally, Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $255.75.

Nordson Company 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.

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