Legacy Financial Strategies LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,676 shares of the industrial products company's stock after buying an additional 2,384 shares during the period. Legacy Financial Strategies LLC's holdings in Nordson were worth $2,355,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC increased its holdings in Nordson by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock worth $692,000 after buying an additional 56 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after buying an additional 66 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Nordson by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 1,811 shares of the industrial products company's stock worth $379,000 after buying an additional 69 shares during the last quarter. Finally, Isthmus Partners LLC boosted its holdings in Nordson by 6.1% in the 4th quarter. Isthmus Partners LLC now owns 1,380 shares of the industrial products company's stock valued at $289,000 after purchasing an additional 79 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Stock Up 0.1%
Shares of NDSN stock traded up $0.19 during trading hours on Monday, hitting $212.18. 694,916 shares of the company were exchanged, compared to its average volume of 309,385. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a one year low of $165.03 and a one year high of $266.86. The business's 50-day simple moving average is $191.64 and its two-hundred day simple moving average is $211.15. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.65 and a beta of 0.90.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.36 by $0.06. The business had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company's quarterly revenue 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. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.
Nordson Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.47%. Nordson's payout ratio is currently 40.10%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on NDSN shares. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Friday. KeyCorp cut their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Robert W. Baird boosted their price objective on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $253.17.
Check Out Our Latest Analysis on NDSN
Nordson Company Profile
(
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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