Charles Schwab Investment Management Inc. Increases Stock Position in Nordson Corporation (NASDAQ:NDSN)

Charles Schwab Investment Management Inc. raised its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,997 shares of the industrial products company's stock after acquiring an additional 11,287 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.83% of Nordson worth $95,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NDSN. Massachusetts Financial Services Co. MA increased its holdings in Nordson by 156.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company's stock valued at $205,685,000 after acquiring an additional 621,734 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Nordson by 676.5% during the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock worth $51,539,000 after buying an additional 214,594 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Nordson by 19,089.3% during the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock worth $28,606,000 after buying an additional 141,070 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Nordson by 21.8% during the fourth quarter. Northern Trust Corp now owns 508,066 shares of the industrial products company's stock worth $106,308,000 after buying an additional 91,097 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Nordson by 167.6% during the fourth quarter. Voloridge Investment Management LLC now owns 138,056 shares of the industrial products company's stock worth $28,887,000 after buying an additional 86,467 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Trading Down 1.7%

NDSN traded down $3.78 during trading on Friday, hitting $213.44. 319,891 shares of the company's stock were exchanged, compared to its average volume of 318,501. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The stock has a 50 day moving average price of $216.68 and a 200 day moving average price of $206.77. The firm has a market cap of $12.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data 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 net margin of 16.51% and a return on equity of 19.10%. The company had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. During the same period in the previous year, the firm earned $2.34 earnings per share. Nordson's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, June 18th. Nordson's payout ratio is currently 40.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDSN. Robert W. Baird lifted their price target on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target for the company. KeyCorp lifted their price target on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wolfe Research assumed coverage on shares of Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Finally, Oppenheimer upgraded shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a 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 issued a strong buy rating to the company. According to data from MarketBeat, Nordson has a consensus rating of "Moderate Buy" and an average target price of $254.86.

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.