Deutsche Bank AG Grows Holdings in Nordson Corporation (NASDAQ:NDSN)

Key Points

• Deutsche Bank AG increased its stake in Nordson Corporation by 3.8%, owning 249,861 shares valued at approximately $50.4 million after purchasing additional shares in the first quarter.
• Multiple institutional investors made significant changes to their holdings in Nordson, with Massachusetts Financial Services increasing its stake by 156.2% and GAMMA Investing raising theirs by a staggering 19,089.3%.
• Nordson recently announced a quarterly dividend of $0.78 per share, with a current dividend yield of 1.5% and a payout ratio of 40.10%.

Deutsche Bank AG raised its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,861 shares of the industrial products company's stock after purchasing an additional 9,038 shares during the period. Deutsche Bank AG owned about 0.44% of Nordson worth $50,402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of 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 during the last quarter. First Trust Advisors LP increased its position in Nordson by 676.5% during the 4th quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock worth $51,539,000 after purchasing an additional 214,594 shares in the last quarter. GAMMA Investing LLC increased its position in Nordson by 19,089.3% during the 1st quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock worth $28,606,000 after purchasing an additional 141,070 shares in the last quarter. FMR LLC increased its position in Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after purchasing an additional 111,538 shares in the last quarter. Finally, Northern Trust Corp increased its position in Nordson by 21.8% during the 4th quarter. Northern Trust Corp now owns 508,066 shares of the industrial products company's stock worth $106,308,000 after purchasing an additional 91,097 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDSN has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Robert W. Baird increased their price objective 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. KeyCorp increased their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wolfe Research started coverage on shares of Nordson in a research report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Finally, Oppenheimer raised shares of 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. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.86.

Nordson Stock Down 0.2%

NDSN stock opened at $210.61 on Tuesday. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.90 billion, a P/E ratio of 27.07, a PEG ratio of 1.62 and a beta of 0.89. The firm has a 50 day simple moving average of $216.39 and a 200-day simple moving average of $206.70.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping 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 business had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. During the same quarter last year, the company earned $2.34 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were paid 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 1.5%. Nordson's dividend payout ratio (DPR) is 40.10%.

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.

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