2,275 Shares in Nordson Corporation (NASDAQ:NDSN) Purchased by Revisor Wealth Management LLC

Revisor Wealth Management LLC acquired a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,275 shares of the industrial products company's stock, valued at approximately $461,000.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock worth $39,000 after purchasing an additional 89 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Nordson by 73.7% during the 4th 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 during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Nordson during the fourth quarter valued at approximately $62,000. CX Institutional acquired a new position in Nordson in the 1st quarter valued at $67,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Nordson during the 4th quarter worth $92,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Vertical Research assumed coverage on Nordson in a research report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price objective for the company. Wall Street Zen cut Nordson from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective for the company in a research 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 research report on Tuesday, April 8th. Finally, Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating for the company. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.00.

Nordson Price Performance

NASDAQ:NDSN traded up $0.08 during mid-day trading on Friday, hitting $222.83. The company's stock had a trading volume of 169,670 shares, compared to its average volume of 329,955. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.71 and a beta of 0.89. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The stock has a fifty day moving average of $206.44 and a 200-day moving average of $205.66.

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

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.40%. Nordson's dividend payout ratio is currently 40.10%.

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.