Clark & Stuart Inc Has $4.28 Million Stock Holdings in Nordson Corporation (NASDAQ:NDSN)

Clark & Stuart Inc grew its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,112 shares of the industrial products company's stock after purchasing an additional 1,340 shares during the period. Nordson comprises about 3.1% of Clark & Stuart Inc's portfolio, making the stock its 14th largest position. Clark & Stuart Inc's holdings in Nordson were worth $4,275,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Nordson during the fourth quarter worth $142,670,000. Raymond James Financial Inc. bought a new stake in shares of Nordson during the fourth quarter worth $74,005,000. First Trust Advisors LP increased its position 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 acquiring an additional 214,594 shares in the last quarter. GAMMA Investing LLC increased its position 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 acquiring an additional 141,070 shares in the last quarter. Finally, FMR LLC increased its position in shares of Nordson by 19.2% during the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after acquiring an additional 111,538 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NDSN. Vertical Research began coverage on shares of Nordson in a research report on Tuesday. They set a "hold" rating and a $245.00 price objective for the company. KeyCorp decreased their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wolfe Research began coverage on shares of Nordson in a research report on Wednesday. They issued a "peer perform" rating for the company. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a research report on Monday, February 24th. Finally, 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. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $252.00.

Nordson Stock Performance

Shares of NDSN stock opened at $213.53 on Friday. The stock has a market cap of $12.07 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.64 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 company has a fifty day moving average price of $199.16 and a two-hundred day moving average price of $207.76. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $682.94 million during the quarter, compared to analysts' expectations of $671.36 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 earnings per share. As a group, equities analysts predict that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 18th. 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.

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