Outlook Wealth Advisors LLC Has $347,000 Position in Nordson Co. (NASDAQ:NDSN)

Outlook Wealth Advisors LLC increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,320 shares of the industrial products company’s stock after acquiring an additional 140 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Nordson were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 289.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after buying an additional 193,421 shares during the period. Swedbank AB bought a new stake in shares of Nordson in the 1st quarter valued at about $48,044,000. Price T Rowe Associates Inc. MD boosted its position in shares of Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Nordson by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 942,540 shares of the industrial products company’s stock valued at $258,764,000 after purchasing an additional 88,966 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Transactions at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’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 value of $749,940.00. Following the transaction, the executive vice president now owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $248.10 on Friday. 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 Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 2.02 and a beta of 0.90. The company’s 50 day simple moving average is $253.58 and its 200 day simple moving average is $247.65.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $656.49 million. During the same quarter in the previous year, the business earned $2.35 earnings per share. Nordson’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Nordson Co. will post 9.55 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 27th. Nordson’s payout ratio is presently 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.