Winslow Asset Management Inc. Lowers Stake in Nordson Corporation (NASDAQ:NDSN)

Winslow Asset Management Inc. lowered its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 57,387 shares of the industrial products company's stock after selling 1,434 shares during the period. Nordson comprises 2.6% of Winslow Asset Management Inc.'s holdings, making the stock its 11th largest holding. Winslow Asset Management Inc. owned about 0.10% of Nordson worth $11,576,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Nordson in the fourth quarter valued at approximately $3,678,000. Independent Advisor Alliance raised its stake in Nordson by 25.9% during the fourth quarter. Independent Advisor Alliance now owns 2,899 shares of the industrial products company's stock worth $607,000 after buying an additional 596 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Nordson by 27.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,220 shares of the industrial products company's stock valued at $2,557,000 after buying an additional 2,638 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Nordson by 22.5% during the 4th quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company's stock worth $40,399,000 after buying an additional 35,494 shares in the last quarter. Finally, SlateStone Wealth LLC increased its position in Nordson by 4.0% in the 4th quarter. SlateStone Wealth LLC now owns 2,575 shares of the industrial products company's stock valued at $539,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a report on Friday, May 30th. Vertical Research assumed coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. KeyCorp upped their target price on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wall Street Zen downgraded Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $254.86.

Nordson Trading Down 0.7%

Shares of NASDAQ NDSN traded down $1.54 during midday trading on Wednesday, hitting $213.36. 116,218 shares of the company traded hands, compared to its average volume of 380,112. The firm has a market cap of $12.06 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.68 and a beta of 0.89. 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 stock has a 50-day moving average price of $210.64 and a 200 day moving average price of $206.05. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86.

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, topping analysts' consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The business 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 company earned $2.34 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a $0.78 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.46%. Nordson's dividend payout ratio is currently 40.10%.

Nordson Company 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.