Vest Financial LLC increased its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 246,379 shares of the industrial products company's stock after acquiring an additional 18,341 shares during the quarter. Vest Financial LLC owned approximately 0.43% of Nordson worth $49,700,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in Nordson in the fourth quarter worth $4,553,000. Sumitomo Mitsui Trust Group Inc. increased its position in Nordson by 4.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company's stock worth $25,866,000 after buying an additional 4,963 shares during the last quarter. Marshall Wace LLP purchased a new stake in Nordson in the fourth quarter worth $372,000. Ossiam increased its position in Nordson by 60.1% in the fourth quarter. Ossiam now owns 5,011 shares of the industrial products company's stock worth $1,049,000 after buying an additional 1,881 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Nordson by 34.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,938 shares of the industrial products company's stock worth $1,888,000 after buying an additional 2,290 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on NDSN shares. 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 report on Friday, May 30th. 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. 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. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Robert W. Baird lifted their price target on Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $253.17.
View Our Latest Analysis on Nordson
Nordson Price Performance
NASDAQ:NDSN opened at $213.55 on Friday. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 1.65 and a beta of 0.89. Nordson Co. has a 52-week low of $165.03 and a 52-week high of $266.86. The stock has a fifty day moving average of $192.36 and a 200 day moving average of $210.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 earnings per share. On average, research analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.
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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