Blackhawk Capital Partners LLC. Purchases Shares of 2,902 Nordson Corporation (NASDAQ:NDSN)

Blackhawk Capital Partners LLC. purchased a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,902 shares of the industrial products company's stock, valued at approximately $585,000.

Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank grew its stake in Nordson by 1.2% in the first quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock valued at $2,153,000 after purchasing an additional 127 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Nordson by 6.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company's stock valued at $981,000 after purchasing an additional 283 shares in the last quarter. Marshall Wace LLP bought a new position in Nordson in the fourth quarter valued at approximately $372,000. Ossiam grew its stake in Nordson by 60.1% in the fourth quarter. Ossiam now owns 5,011 shares of the industrial products company's stock valued at $1,049,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Nordson by 16.5% in the first quarter. Ritholtz Wealth Management now owns 3,836 shares of the industrial products company's stock valued at $774,000 after purchasing an additional 542 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NDSN. Vertical Research began coverage on Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective for the company. KeyCorp cut their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective for the company in a research report on Friday, May 30th. Robert W. Baird raised their price objective on Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Finally, Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They issued 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $252.00.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $218.79 on Tuesday. The stock has a market capitalization of $12.36 billion, a PE ratio of 28.12, a P/E/G ratio of 1.71 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. The business has a fifty day moving average price of $207.04 and a two-hundred day moving average price of $205.65. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

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

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 yield of 1.43%. Nordson's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.