Natixis Advisors LLC Has $35.06 Million Holdings in Nordson Corporation (NASDAQ:NDSN)

Key Points

• Natixis Advisors LLC reduced its stake in Nordson Corporation by 10.0%, selling 19,280 shares during Q1, now holding 173,796 shares worth approximately $35 million.
• In the most recent earnings report, Nordson exceeded analyst expectations with an EPS of $2.42 and a revenue of $682.94 million, reflecting a 5% year-over-year increase.
• Nordson has declared a quarterly dividend of $0.78 per share, representing an annual yield of 1.5% and a payout ratio of 40.10%.

Natixis Advisors LLC lowered its position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 173,796 shares of the industrial products company's stock after selling 19,280 shares during the quarter. Natixis Advisors LLC owned approximately 0.31% of Nordson worth $35,058,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Norden Group LLC purchased a new stake in Nordson during the 1st quarter worth $221,000. Mackenzie Financial Corp increased its stake in Nordson by 13.5% during the 1st quarter. Mackenzie Financial Corp now owns 5,077 shares of the industrial products company's stock worth $1,024,000 after buying an additional 602 shares during the period. LPL Financial LLC increased its stake in Nordson by 28.6% during the 1st quarter. LPL Financial LLC now owns 155,474 shares of the industrial products company's stock worth $31,362,000 after buying an additional 34,549 shares during the period. Empirical Finance LLC grew its holdings in Nordson by 8.7% during the 1st quarter. Empirical Finance LLC now owns 1,307 shares of the industrial products company's stock worth $264,000 after acquiring an additional 105 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Nordson during the 1st quarter worth $212,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Performance

Nordson stock traded up $1.86 during midday trading on Tuesday, reaching $214.32. 139,351 shares of the stock traded hands, compared to its average volume of 378,611. 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 firm has a fifty day moving average price of $215.77 and a two-hundred day moving average price of $206.94. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.61 and a beta of 0.89. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

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

Nordson Dividend Announcement

The firm also recently announced 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 dividend yield of 1.5%. The ex-dividend date was Wednesday, June 18th. Nordson's payout ratio is presently 40.10%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wolfe Research began coverage on shares of Nordson in a report on Wednesday, June 18th. They set a "peer perform" rating for the company. Robert W. Baird lifted their price target on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price target for the company. Finally, Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target for the company in a 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nordson presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.86.

Nordson Company 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.