Blackhawk Capital Partners LLC. Makes New Investment in Nordson Corporation (NASDAQ:NDSN)

Blackhawk Capital Partners LLC. acquired a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,902 shares of the industrial products company's stock, valued at approximately $585,000.

Several other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its stake in shares of Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock worth $486,000 after purchasing an additional 67 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Nordson by 1.6% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 4,381 shares of the industrial products company's stock worth $884,000 after acquiring an additional 71 shares in the last quarter. Portside Wealth Group LLC increased its position in shares of Nordson by 6.6% in the first quarter. Portside Wealth Group LLC now owns 1,144 shares of the industrial products company's stock worth $239,000 after acquiring an additional 71 shares in the last quarter. Isthmus Partners LLC increased its position in shares of Nordson by 6.1% in the fourth quarter. Isthmus Partners LLC now owns 1,380 shares of the industrial products company's stock worth $289,000 after acquiring an additional 79 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Nordson by 5.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,829 shares of the industrial products company's stock worth $370,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Down 1.1%

NDSN traded down $2.35 on Friday, reaching $220.82. 272,748 shares of the company traded hands, compared to its average volume of 330,015. The stock's 50 day moving average price is $209.56 and its 200-day moving average price is $206.03. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.72 and a beta of 0.89. 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 announced its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The firm had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same period in the previous year, the firm posted $2.34 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, June 18th. Nordson's dividend payout ratio is 40.10%.

Analysts Set New Price Targets

NDSN has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of Nordson in a research report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Robert W. Baird lifted their target price on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Vertical Research initiated coverage on shares of Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. Finally, Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Friday, May 30th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Nordson currently has a consensus rating of "Moderate Buy" and an average price target of $252.00.

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.