DekaBank Deutsche Girozentrale increased its position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,237 shares of the industrial products company's stock after acquiring an additional 1,495 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.10% of Nordson worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Nordson in the fourth quarter valued at about $3,678,000. PNC Financial Services Group Inc. lifted its position in Nordson by 5.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,794 shares of the industrial products company's stock valued at $2,677,000 after buying an additional 610 shares during the last quarter. Amundi lifted its position in Nordson by 4.8% in the fourth quarter. Amundi now owns 42,322 shares of the industrial products company's stock valued at $8,553,000 after buying an additional 1,933 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nordson by 3.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,051 shares of the industrial products company's stock valued at $5,451,000 after buying an additional 837 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in Nordson by 25.9% in the fourth quarter. Independent Advisor Alliance now owns 2,899 shares of the industrial products company's stock valued at $607,000 after buying an additional 596 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.
Nordson Trading Down 1.1%
Shares of NDSN stock traded down $2.35 during trading hours on Friday, hitting $220.82. 272,748 shares of the company were exchanged, compared to its average volume of 330,015. The firm has a market cap of $12.48 billion, a PE ratio of 28.38, a PEG ratio of 1.72 and a beta of 0.89. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $266.86. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $209.00 and a 200 day moving average of $205.97.
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 for the quarter, beating the consensus estimate of $2.36 by $0.06. The business had revenue of $682.94 million for the quarter, compared to analyst estimates of $671.36 million. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 EPS. Analysts expect that Nordson Corporation will post 10.2 earnings per share for the current 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 issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 annualized dividend and a yield of 1.41%. Nordson's dividend payout ratio is presently 40.10%.
Analysts Set New Price Targets
A number of research firms have commented on NDSN. Robert W. Baird upped their target price on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Vertical Research assumed coverage on shares of Nordson in a research note on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target on the stock. Wall Street Zen lowered shares of Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Wolfe Research assumed coverage on shares of Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating on the stock. Finally, Oppenheimer upgraded shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research note on Friday, May 30th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nordson presently has an average rating of "Moderate Buy" and an average target price of $252.00.
Get Our Latest Report on NDSN
About Nordson
(
Free Report)
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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