1,239 Shares in Nordson Corporation (NASDAQ:NDSN) Bought by Oak Thistle LLC

Key Points

• Oak Thistle LLC acquired 1,239 shares of Nordson Corporation (NASDAQ:NDSN), valued at approximately $250,000, as confirmed in a recent SEC filing.
• Institutional investors own 72.11% of Nordson's stock, with several firms increasing their stakes in the company during the first quarter.
• Nordson recently reported an EPS of $2.42 for the last quarter, surpassing analysts' expectations and indicating a revenue growth of 5.0% year-over-year.

Oak Thistle LLC purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,239 shares of the industrial products company's stock, valued at approximately $250,000.

A number of other hedge funds have also recently made changes to their positions in NDSN. Sei Investments Co. boosted its position in Nordson by 18.7% during the 4th quarter. Sei Investments Co. now owns 66,336 shares of the industrial products company's stock worth $13,881,000 after buying an additional 10,435 shares during the period. LPL Financial LLC grew its stake in shares of Nordson by 19.3% in the fourth quarter. LPL Financial LLC now owns 120,925 shares of the industrial products company's stock worth $25,302,000 after purchasing an additional 19,525 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock worth $1,302,887,000 after purchasing an additional 93,146 shares during the last quarter. Korea Investment CORP grew its stake in shares of Nordson by 151.8% in the fourth quarter. Korea Investment CORP now owns 38,315 shares of the industrial products company's stock worth $8,017,000 after purchasing an additional 23,100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Nordson by 3.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 108,945 shares of the industrial products company's stock worth $22,613,000 after purchasing an additional 3,949 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on NDSN. Wall Street Zen lowered Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Wolfe Research began coverage on Nordson in a research note on Wednesday, June 18th. They issued a "peer perform" rating on the stock. KeyCorp lifted their price objective on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Vertical Research assumed coverage on Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective on the stock. Finally, Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research note on Friday, May 30th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $254.86.

Nordson Trading Down 0.7%

Shares of Nordson stock traded down $1.51 on Tuesday, hitting $217.87. 44,495 shares of the company's stock traded hands, compared to its average volume of 376,288. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The company has a fifty day moving average of $213.96 and a two-hundred day moving average of $206.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. The firm had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 EPS. As a group, sell-side analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.43%. Nordson's dividend payout ratio (DPR) is presently 40.10%.

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.