Fiera Capital Corp Has $38.70 Million Stock Position in Nordson Corporation (NASDAQ:NDSN)

Key Points

• Fiera Capital Corp reduced its position in Nordson Corporation by 0.7% during the first quarter, holding 191,856 shares valued at approximately $38.7 million.
• Several hedge funds increased their stakes in Nordson, with Massachusetts Financial Services notably growing its holdings by **156.2%**, now owning over 1 million shares.
• Nordson recently reported an EPS of $2.42 for the last quarter, surpassing expectations, while also declaring a quarterly dividend of $0.78 per share.

Fiera Capital Corp trimmed its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,856 shares of the industrial products company's stock after selling 1,425 shares during the period. Fiera Capital Corp owned 0.34% of Nordson worth $38,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Nordson by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 67 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Nordson by 18.7% in the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company's stock valued at $535,000 after buying an additional 418 shares during the last quarter. Amalgamated Bank boosted its position in Nordson by 1.2% in the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock valued at $2,153,000 after buying an additional 127 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Nordson in the 1st quarter valued at $1,599,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Nordson by 6.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company's stock valued at $981,000 after buying an additional 283 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDSN. Wall Street Zen lowered Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. 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 on the stock. KeyCorp raised their price target on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Robert W. Baird raised their price target on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Finally, Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research report on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and a consensus target price of $254.86.

Nordson Trading Down 2.1%

NDSN stock traded down $4.52 during midday trading on Friday, hitting $209.69. 223,613 shares of the company's stock were exchanged, compared to its average volume of 378,962. The stock's fifty day moving average price is $215.07 and its 200-day moving average price is $207.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. The company has a market cap of $11.85 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. 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 posted its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The firm 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 for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 earnings per share. Research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. Nordson's dividend payout ratio (DPR) 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.