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

GAMMA Investing LLC raised its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 19,089.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,809 shares of the industrial products company's stock after buying an additional 141,070 shares during the quarter. GAMMA Investing LLC owned about 0.25% of Nordson worth $28,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. New York Life Investment Management LLC grew its position in shares of Nordson by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock worth $1,530,000 after buying an additional 49 shares during the period. Klein Pavlis & Peasley Financial Inc. grew its position in shares of Nordson by 1.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 56 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Nordson by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after acquiring an additional 66 shares in the last quarter. Metis Global Partners LLC boosted its holdings in shares of Nordson by 4.0% in the 4th quarter. Metis Global Partners LLC now owns 1,811 shares of the industrial products company's stock valued at $379,000 after buying an additional 69 shares during the last quarter. Finally, Isthmus Partners LLC boosted its holdings in shares of 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 buying an additional 79 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Nordson stock traded up $1.21 during mid-day trading on Friday, hitting $214.76. 218,094 shares of the company's stock traded hands, compared to its average volume of 312,031. 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 stock 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 firm has a 50 day simple moving average of $192.64 and a two-hundred day simple moving average of $209.74. Nordson Co. 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 posted its quarterly earnings data 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 analysts' expectations of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.34 EPS. On average, research analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. Nordson's dividend payout ratio (DPR) is presently 40.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. 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. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective for the company in a report on Friday, May 30th. 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. Finally, Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nordson currently 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.