Mirae Asset Global Investments Co. Ltd. boosted its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,074 shares of the industrial products company's stock after buying an additional 1,136 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Nordson were worth $2,019,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in Nordson by 86.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 89 shares during the period. Tortoise Investment Management LLC raised its stake in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 115 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Nordson during the 4th quarter valued at $62,000. CX Institutional acquired a new stake in Nordson during the 1st quarter valued at $67,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Nordson during the 4th quarter valued at $92,000. Institutional investors and hedge funds own 72.11% of the company's stock.
Wall Street Analyst Weigh In
NDSN has been the topic of several recent analyst reports. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research note on Friday, May 30th. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird boosted their target price on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Wolfe Research started coverage on shares of Nordson in a research note on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Finally, KeyCorp cut their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $252.00.
Read Our Latest Research Report on NDSN
Nordson Stock Up 0.0%
Shares of NASDAQ:NDSN traded up $0.08 during midday trading on Friday, hitting $222.83. 169,670 shares of the stock were exchanged, compared to its average volume of 329,955. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $266.86. The business's fifty day simple moving average is $206.44 and its two-hundred day simple moving average is $205.61. The company has a market capitalization of $12.59 billion, a PE ratio of 28.64, a P/E/G ratio of 1.71 and a beta of 0.89.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping 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%. Nordson's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. As a group, research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, June 18th. Nordson's dividend payout ratio is presently 40.10%.
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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