Trueblood Wealth Management LLC Sells 78 Shares of Nordson Co. (NASDAQ:NDSN)

Trueblood Wealth Management LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,765 shares of the industrial products company’s stock after selling 78 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Nordson were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ballentine Partners LLC bought a new stake in Nordson in the third quarter worth $208,000. Mcdaniel Terry & Co. increased its holdings in shares of Nordson by 0.7% in the 3rd quarter. Mcdaniel Terry & Co. now owns 217,239 shares of the industrial products company’s stock worth $57,053,000 after buying an additional 1,530 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Nordson by 2.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 10,518 shares of the industrial products company’s stock worth $2,762,000 after buying an additional 205 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after buying an additional 103,653 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of Nordson by 10.4% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,788 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 169 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Nordson Price Performance

NDSN stock opened at $248.10 on Friday. The stock has a market cap of $14.21 billion, a PE ratio of 29.57, a P/E/G ratio of 2.02 and a beta of 0.90. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The company has a 50-day moving average price of $253.58 and a 200 day moving average price of $247.83. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

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

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. 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 dividend yield of 1.26%. Nordson’s dividend payout ratio is presently 37.19%.

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.