Vanguard Group Inc. reduced its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,178,847 shares of the industrial products company's stock after selling 47,910 shares during the quarter. Vanguard Group Inc. owned about 10.86% of Nordson worth $1,246,397,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew 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 valued at $39,000 after buying an additional 89 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after buying an additional 54 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson during the fourth quarter valued at $62,000. CX Institutional purchased a new stake in shares of Nordson during the first quarter valued at $67,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Nordson during the fourth quarter valued at $92,000. 72.11% of the stock is owned by hedge funds and other institutional investors.
Nordson Price Performance
Shares of Nordson stock traded down $4.13 during trading hours on Thursday, reaching $217.46. The stock had a trading volume of 172,350 shares, compared to its average volume of 373,613. The stock's 50 day moving average is $216.63 and its 200 day moving average is $206.87. The firm has a market capitalization of $12.29 billion, a PE ratio of 27.95, a PEG ratio of 1.66 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 company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72.
Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The firm had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. During the same quarter in the prior year, the firm earned $2.34 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.
Nordson Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 18th. Nordson's dividend payout ratio is 40.10%.
Wall Street Analysts Forecast Growth
NDSN has been the topic of a number of research analyst reports. Oppenheimer raised 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. Wall Street Zen lowered shares of Nordson from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Robert W. Baird upped their price target on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.86.
Get Our Latest Analysis on NDSN
About Nordson
(
Free Report)
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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