Mn Services Vermogensbeheer B.V. Has $3.87 Million Stake in Nordson Corporation (NASDAQ:NDSN)

Mn Services Vermogensbeheer B.V. lessened its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,200 shares of the industrial products company's stock after selling 2,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Nordson were worth $3,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NDSN. MassMutual Private Wealth & Trust FSB grew its holdings 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 in the last quarter. Tortoise Investment Management LLC grew its stake in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson during the fourth quarter worth about $62,000. CX Institutional purchased a new stake in shares of Nordson during the first quarter worth about $67,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Nordson in the fourth quarter worth about $92,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Performance

NDSN stock traded down $0.59 during mid-day trading on Wednesday, reaching $213.53. The company had a trading volume of 483,031 shares, compared to its average volume of 318,452. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The stock has a market capitalization of $12.07 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.68 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The stock's 50-day simple moving average is $197.98 and its two-hundred day simple moving average is $208.03.

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. The company had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. Nordson's revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. Research analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. Nordson's payout ratio is 40.10%.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several analyst reports. Vertical Research began coverage on Nordson in a report on Tuesday. They set a "hold" rating and a $245.00 price objective on the stock. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Robert W. Baird upped 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. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research report on Friday, May 30th. Finally, Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and a consensus price target of $252.00.

About Nordson

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.