Rhumbline Advisers Purchases 12,836 Shares of Nordson Co. (NASDAQ:NDSN)

Rhumbline Advisers boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 12.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 113,886 shares of the industrial products company's stock after acquiring an additional 12,836 shares during the period. Rhumbline Advisers owned 0.20% of Nordson worth $22,973,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NDSN. New York Life Investment Management LLC grew its holdings in shares of Nordson by 0.7% in the 4th 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 period. Klein Pavlis & Peasley Financial Inc. grew its holdings 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 buying an additional 56 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock valued at $312,000 after buying an additional 66 shares during the period. Metis Global Partners LLC grew 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 period. Finally, Isthmus Partners LLC grew 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 period. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NDSN. 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. Robert W. Baird boosted 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. KeyCorp cut their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $253.17.

Nordson Stock Up 0.6%

NASDAQ:NDSN traded up $1.21 on Friday, hitting $214.76. 218,094 shares of the company's stock were exchanged, compared to its average volume of 311,534. The firm has a 50-day moving average price of $192.64 and a 200-day moving average price of $210.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $266.86. The company has a market cap of $12.14 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

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 firm 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 EPS. As a group, analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal 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 $0.78 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $3.12 annualized dividend and a yield of 1.45%. Nordson's dividend payout ratio is currently 40.10%.

Nordson 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.