Marshall Financial Group LLC Purchases 339 Shares of Nordson Co. (NASDAQ:NDSN)

Marshall Financial Group LLC lifted its position in shares of Nordson Co. (NASDAQ:NDSN) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,970 shares of the industrial products company’s stock after acquiring an additional 339 shares during the period. Marshall Financial Group LLC’s holdings in Nordson were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Nordson by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock worth $1,603,368,000 after purchasing an additional 20,164 shares during the period. Morgan Stanley grew its position in Nordson by 9.2% in the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after purchasing an additional 117,337 shares during the period. Norges Bank bought a new stake in Nordson in the 4th quarter worth approximately $158,948,000. Wells Fargo & Company MN grew its position in Nordson by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 484,863 shares of the industrial products company’s stock worth $128,081,000 after purchasing an additional 4,416 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Nordson by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the industrial products company’s stock worth $122,296,000 after purchasing an additional 11,989 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of Nordson stock traded down $0.62 on Thursday, hitting $227.59. 125,773 shares of the company’s stock were exchanged, compared to its average volume of 234,622. The company has a 50-day simple moving average of $244.84 and a 200-day simple moving average of $255.84. The stock has a market capitalization of $13.03 billion, a PE ratio of 27.13, a PEG ratio of 1.84 and a beta of 0.91. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21.

Nordson (NASDAQ:NDSN) last released its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 for 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 for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Nordson Co. will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, May 20th. Nordson’s dividend payout ratio (DPR) is 32.42%.

Analyst Ratings Changes

A number of equities research analysts have commented on NDSN shares. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Robert W. Baird dropped their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, DA Davidson dropped their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note 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 MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $279.40.

About Nordson

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.