St. Clair Advisors LLC Invests $1.94 Million in Nordson Corporation (NASDAQ:NDSN)

St. Clair Advisors LLC purchased a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,637 shares of the industrial products company's stock, valued at approximately $1,944,000.

A number of other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 89 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 115 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson during the 4th quarter valued at about $62,000. CX Institutional bought a new stake in shares of Nordson in the first quarter worth approximately $67,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Nordson during the fourth quarter valued at approximately $92,000. Institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NDSN shares. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research report on Friday, May 30th. Wolfe Research initiated coverage on Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Vertical Research initiated coverage on Nordson in a research note on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target for the company. Robert W. Baird raised their price objective on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Finally, Wall Street Zen cut shares of Nordson from a "buy" rating to a "hold" rating in a report on Friday. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and an average target price of $252.00.

Nordson Price Performance

NDSN stock traded up $6.11 during trading on Tuesday, reaching $220.48. The company's stock had a trading volume of 395,492 shares, compared to its average volume of 328,040. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The company's fifty day moving average is $203.57 and its 200-day moving average is $205.46. The company has a market capitalization of $12.46 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86.

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

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, June 18th. Nordson's payout ratio is currently 40.10%.

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.