Confluence Investment Management LLC boosted its holdings in Nordson Co. (NASDAQ:NDSN – Get Rating) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,455 shares of the industrial products company's stock after acquiring an additional 664 shares during the quarter. Confluence Investment Management LLC owned about 0.28% of Nordson worth $32,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Artemis Wealth Advisors LLC purchased a new position in Nordson in the 1st quarter worth about $36,000. Covestor Ltd purchased a new position in Nordson in the 4th quarter worth about $40,000. Castleview Partners LLC purchased a new position in Nordson in the 4th quarter worth about $55,000. Aaron Wealth Advisors LLC purchased a new position in Nordson in the 1st quarter worth about $57,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Nordson by 98.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 276 shares of the industrial products company's stock worth $63,000 after purchasing an additional 137 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird lifted their price target on Nordson from $232.00 to $271.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 24th. Morgan Stanley dropped their price target on Nordson from $270.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 9th. StockNews.com cut Nordson from a "buy" rating to a "hold" rating in a research note on Thursday, September 1st. Finally, DA Davidson lifted their target price on Nordson from $265.00 to $270.00 in a research note on Tuesday, August 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of "Hold" and a consensus target price of $270.20.

Nordson Trading Down 1.8 %

Nordson (NASDAQ:NDSN – Get Rating) last announced its quarterly earnings results on Monday, August 22nd. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.44 by $0.05. The business had revenue of $662.13 million during the quarter, compared to analysts' expectations of $650.90 million. Nordson had a return on equity of 23.66% and a net margin of 19.25%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.42 EPS. As a group, equities research analysts forecast that Nordson Co. will post 9.33 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were paid a $0.65 dividend. This is a boost from Nordson's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.19%. Nordson's payout ratio is presently 31.48%.

Nordson Company Profile

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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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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