GAMMA Investing LLC Purchases 141,070 Shares of Nordson Co. (NASDAQ:NDSN)

GAMMA Investing LLC grew its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 19,089.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,809 shares of the industrial products company's stock after acquiring an additional 141,070 shares during the quarter. GAMMA Investing LLC owned about 0.25% of Nordson worth $28,606,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Nordson by 86.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock worth $39,000 after buying an additional 89 shares in the last quarter. California State Teachers Retirement System raised its holdings in Nordson by 8.1% in the 4th quarter. California State Teachers Retirement System now owns 89,333 shares of the industrial products company's stock worth $18,692,000 after acquiring an additional 6,662 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Nordson by 9.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company's stock valued at $958,000 after acquiring an additional 414 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Nordson during the 4th quarter valued at $8,648,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nordson in the 4th quarter worth $15,292,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Performance

Shares of NASDAQ:NDSN traded up $1.21 during trading on Friday, hitting $214.76. The company's stock had a trading volume of 218,094 shares, compared to its average volume of 310,925. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a 50-day moving average of $192.36 and a 200-day moving average of $210.61. Nordson Co. has a 12 month low of $165.03 and a 12 month 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 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same period last year, the firm earned $2.34 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, June 18th. Nordson's dividend payout ratio is presently 40.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NDSN shares. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a report on Friday, May 30th. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. KeyCorp reduced their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, 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. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $253.17.

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.