Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Nordson Corporation (NASDAQ:NDSN)

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,841 shares of the industrial products company's stock after purchasing an additional 2,759 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Nordson worth $15,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NDSN. Y Intercept Hong Kong Ltd acquired a new position in Nordson during the 1st quarter worth approximately $231,000. Teachers Retirement System of The State of Kentucky grew its holdings in Nordson by 2.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,158 shares of the industrial products company's stock worth $839,000 after acquiring an additional 98 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Nordson by 4.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,283 shares of the industrial products company's stock worth $461,000 after acquiring an additional 90 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in Nordson by 5.4% during the 1st quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 5,051 shares of the industrial products company's stock worth $1,019,000 after acquiring an additional 259 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Nordson by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 37,673 shares of the industrial products company's stock worth $7,599,000 after acquiring an additional 4,313 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NDSN shares. Wall Street Zen cut shares of Nordson from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Wolfe Research started coverage on shares of Nordson in a report on Wednesday, June 18th. They set a "peer perform" rating for the company. Oppenheimer upgraded shares of 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. Vertical Research started coverage on shares of Nordson in a research report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. 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. According to MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus price target of $254.86.

Nordson Stock Performance

NASDAQ NDSN traded down $0.52 during trading on Monday, reaching $220.32. The company's stock had a trading volume of 35,705 shares, compared to its average volume of 377,727. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.70 and a beta of 0.89. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The business's fifty day moving average price is $213.66 and its 200-day moving average price is $206.68.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. The company had revenue of $682.94 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $2.34 earnings per share. As a group, analysts anticipate that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a yield of 1.42%. Nordson's payout ratio is currently 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.