Norris Perne & French LLP MI Purchases 2,782 Shares of Nordson Corporation (NASDAQ:NDSN)

Norris Perne & French LLP MI raised its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,786 shares of the industrial products company's stock after purchasing an additional 2,782 shares during the period. Norris Perne & French LLP MI owned approximately 0.11% of Nordson worth $12,464,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NDSN. Vanguard Group Inc. increased its position in shares of Nordson by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after buying an additional 93,146 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Nordson by 3.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company's stock worth $326,803,000 after acquiring an additional 47,052 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nordson by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock worth $303,918,000 after purchasing an additional 12,590 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Nordson by 2.9% during the 4th quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company's stock valued at $180,036,000 after purchasing an additional 24,030 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Nordson by 0.7% in the 4th quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company's stock valued at $159,280,000 after purchasing an additional 4,955 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp dropped their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer upgraded shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Friday, May 30th. Vertical Research started coverage on shares of Nordson in a research note on Tuesday. They issued a "hold" rating and a $245.00 target price for the company. Robert W. Baird increased their target price on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Finally, BNP Paribas lowered 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. Five 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.00.

Nordson Trading Down 0.3%

Shares of NASDAQ:NDSN opened at $213.53 on Thursday. The company's 50-day moving average price is $198.51 and its two-hundred day moving average price is $208.07. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64. The stock has a market capitalization of $12.07 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The business had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same quarter in the previous year, the business earned $2.34 earnings per share. Nordson's quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

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 issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Nordson's payout ratio is presently 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.

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