1,395 Shares in Nordson Co. (NASDAQ:NDSN) Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC bought a new position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,395 shares of the industrial products company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 89 shares during the period. Tortoise Investment Management LLC raised its holdings in Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after purchasing an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Nordson in the fourth quarter valued at $62,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Nordson in the 4th quarter valued at about $92,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Nordson during the fourth quarter worth approximately $98,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

NASDAQ NDSN traded up $4.52 on Monday, hitting $219.28. The stock had a trading volume of 464,091 shares, compared to its average volume of 312,639. The company's 50-day moving average is $192.64 and its two-hundred day moving average is $209.74. Nordson Co. has a one year low of $165.03 and a one year high of $266.86. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its 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. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. During the same quarter in the previous year, the company earned $2.34 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. Nordson's dividend payout ratio is 40.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. BNP Paribas cut 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. KeyCorp dropped their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Oppenheimer upgraded 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. Finally, Robert W. Baird raised their price target on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus target price of $253.17.

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.