Vest Financial LLC grew its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,379 shares of the industrial products company's stock after buying an additional 18,341 shares during the period. Vest Financial LLC owned 0.43% of Nordson worth $49,700,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDSN. New York Life Investment Management LLC raised its holdings in shares of Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its stake in Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock worth $692,000 after purchasing an additional 56 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after purchasing an additional 66 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Nordson by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 1,811 shares of the industrial products company's stock valued at $379,000 after purchasing an additional 69 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Nordson by 1.6% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 4,381 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.
Nordson Stock Up 2.1%
Shares of Nordson stock traded up $4.52 during trading hours on Monday, hitting $219.28. 464,091 shares of the company's stock traded hands, compared to its average volume of 312,639. 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 Co. has a twelve month low of $165.03 and a twelve month high of $266.86. The stock has a 50 day simple moving average of $192.64 and a 200-day simple moving average of $209.74. The company has a market cap of $12.39 billion, a PE ratio of 27.90, a PEG ratio of 1.65 and a beta of 0.89.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.06. The company had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.34 EPS. Equities research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.
Nordson Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 18th. Nordson's payout ratio is 40.10%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research note on Friday, May 30th. KeyCorp lowered 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. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Robert W. Baird boosted their target price on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating, five 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 a consensus rating of "Moderate Buy" and a consensus price target of $253.17.
Read 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.
Recommended Stories
Before you consider Nordson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordson wasn't on the list.
While Nordson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
