Inspire Investing LLC Acquires 689 Shares of Nordson Co. (NASDAQ:NDSN)

Inspire Investing LLC lifted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 10.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,607 shares of the industrial products company’s stock after acquiring an additional 689 shares during the period. Inspire Investing LLC’s holdings in Nordson were worth $2,088,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in Nordson by 0.4% during the 4th quarter. Advisory Services Network LLC now owns 10,674 shares of the industrial products company’s stock valued at $2,820,000 after purchasing an additional 40 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Nordson by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock valued at $3,288,000 after purchasing an additional 40 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Nordson by 2.3% during the 4th quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Nordson by 0.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock valued at $1,633,000 after purchasing an additional 47 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 48 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NDSN shares. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report 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 for the company in a research report on Wednesday, May 22nd. Finally, Robert W. Baird lowered their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Trading Up 1.9 %

Shares of NASDAQ:NDSN traded up $4.53 during trading on Tuesday, hitting $241.16. 58,867 shares of the company’s stock were exchanged, compared to its average volume of 230,487. Nordson Co. has a 1-year low of $208.91 and a 1-year high of $279.38. The firm has a 50-day moving average price of $239.72 and a two-hundred day moving average price of $254.16. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $13.81 billion, a P/E ratio of 28.20, a PEG ratio of 1.92 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company had revenue of $650.64 million during the quarter, compared to analysts’ expectations of $661.06 million. During the same quarter in the previous year, the company earned $2.26 EPS. Nordson’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is 32.42%.

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.