Nordson Co. (NASDAQ:NDSN) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,303 shares of the industrial products company's stock after acquiring an additional 3,373 shares during the quarter. Yousif Capital Management LLC owned about 0.06% of Nordson worth $7,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its position in shares of Nordson by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock worth $1,530,000 after buying an additional 49 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Nordson by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after buying an additional 66 shares during the period. Metis Global Partners LLC boosted its position 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 worth $379,000 after buying an additional 69 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its position 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 worth $884,000 after buying an additional 71 shares during the period. Finally, Portside Wealth Group LLC boosted its position in shares of Nordson by 6.6% in the first quarter. Portside Wealth Group LLC now owns 1,144 shares of the industrial products company's stock worth $239,000 after buying an additional 71 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NDSN shares. Robert W. Baird upped their target price on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Oppenheimer raised Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target for the company in a report on Friday, May 30th. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Finally, KeyCorp reduced their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nordson currently has an average rating of "Moderate Buy" and an average target price of $253.17.

Nordson Stock Down 1.7%

NASDAQ NDSN traded down $3.67 on Friday, hitting $214.36. 378,297 shares of the stock traded hands, compared to its average volume of 315,307. The stock has a 50-day moving average of $196.43 and a 200 day moving average of $208.99. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a market capitalization of $12.11 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last announced 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. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $682.94 million for the quarter, compared to analysts' expectations of $671.36 million. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Nordson's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Nordson's 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.