SG Americas Securities LLC Acquires 4,209 Shares of Nordson Corporation (NASDAQ:NDSN)

SG Americas Securities LLC increased its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 124.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,586 shares of the industrial products company's stock after acquiring an additional 4,209 shares during the period. SG Americas Securities LLC's holdings in Nordson were worth $1,530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Nordson in the fourth quarter worth about $142,670,000. Raymond James Financial Inc. purchased a new position in shares of Nordson in the fourth quarter worth approximately $74,005,000. First Trust Advisors LP grew its position in Nordson by 676.5% during the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock valued at $51,539,000 after buying an additional 214,594 shares during the period. GAMMA Investing LLC increased its holdings in Nordson by 19,089.3% during the first quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock valued at $28,606,000 after buying an additional 141,070 shares during the last quarter. Finally, FMR LLC raised its position in Nordson by 19.2% in the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after acquiring an additional 111,538 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Vertical Research began coverage on shares of Nordson in a research report on Tuesday. They set a "hold" rating and a $245.00 price objective for the company. BNP Paribas lowered 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. KeyCorp reduced their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research report on Friday, May 30th. Finally, Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nordson currently has an average rating of "Moderate Buy" and an average target price of $252.00.

Nordson Price Performance

NDSN traded down $4.27 during trading on Tuesday, reaching $214.12. 530,936 shares of the company traded hands, compared to its average volume of 317,356. The company has a market cap of $12.10 billion, a P/E ratio of 22.58, a PEG ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The firm has a fifty day simple moving average of $197.45 and a 200 day simple moving average of $207.99.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results 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. The company had revenue of $682.94 million during the quarter, compared to analysts' expectations of $671.36 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. Nordson's quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $2.34 earnings per share. On average, equities analysts forecast that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company 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 dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 18th. Nordson's dividend payout ratio is presently 40.10%.

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.