Copeland Capital Management LLC Has $33.08 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Copeland Capital Management LLC raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 3.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 125,968 shares of the industrial products company’s stock after purchasing an additional 3,822 shares during the quarter. Copeland Capital Management LLC owned approximately 0.22% of Nordson worth $33,083,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Procyon Advisors LLC increased its position in shares of Nordson by 2.9% during the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after buying an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC grew its holdings in Nordson by 1.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares during the period. Retirement Systems of Alabama raised its position in shares of Nordson by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock worth $3,288,000 after acquiring an additional 40 shares in the last quarter. Everpar Advisors LLC lifted its stake in shares of Nordson by 2.1% in the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 42 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Nordson by 0.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company’s stock valued at $1,792,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NDSN stock opened at $253.35 on Tuesday. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The stock has a market capitalization of $14.51 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90. The company’s 50-day moving average is $252.29 and its 200-day moving average is $248.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data 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 return on equity of 19.80% and a net margin of 17.75%. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter last year, the firm posted $2.35 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts expect that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a dividend yield of 1.23%. Nordson’s payout ratio is presently 37.19%.

Analyst Ratings Changes

Separately, Robert W. Baird lifted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.00.

Insider Buying and Selling

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

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.