ASR Vermogensbeheer N.V. Purchases Shares of 1,412 Nordson Corporation (NASDAQ:NDSN)

Key Points

• ASR Vermogensbeheer N.V. invested approximately $285,000 in Nordson Corporation by acquiring 1,412 shares in the first quarter of the year.
• Nordson reported $2.42 EPS for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 5.0%.
• The company announced a quarterly dividend of $0.78 per share, which reflects a 1.5% yield and a payout ratio of 40.10%.

ASR Vermogensbeheer N.V. bought a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,412 shares of the industrial products company's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. Natural Investments LLC acquired a new stake in shares of Nordson during the first quarter worth $305,000. iA Global Asset Management Inc. raised its stake in Nordson by 38.9% in the first quarter. iA Global Asset Management Inc. now owns 1,874 shares of the industrial products company's stock valued at $378,000 after purchasing an additional 525 shares in the last quarter. Three Seasons Wealth LLC raised its stake in Nordson by 6.4% in the first quarter. Three Seasons Wealth LLC now owns 1,790 shares of the industrial products company's stock valued at $362,000 after purchasing an additional 108 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in Nordson by 28,230.8% in the first quarter. New Age Alpha Advisors LLC now owns 3,683 shares of the industrial products company's stock valued at $743,000 after purchasing an additional 3,670 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Nordson by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 14,473 shares of the industrial products company's stock valued at $2,920,000 after purchasing an additional 1,679 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Trading Down 1.9%

Shares of NASDAQ:NDSN traded down $4.13 during midday trading on Thursday, hitting $217.46. 172,350 shares of the stock were exchanged, compared to its average volume of 373,613. The business's 50-day moving average price is $216.63 and its 200 day moving average price is $206.87. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating 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 business had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. During the same period in the prior year, the business posted $2.34 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. Analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were issued a $0.78 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 annualized dividend and a yield of 1.4%. Nordson's dividend payout ratio is presently 40.10%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird boosted their target price on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Vertical Research initiated coverage on Nordson in a research note on Tuesday, June 17th. They set a "hold" rating and a $245.00 target price for the company. Finally, Wolfe Research initiated coverage on Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $254.86.

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.