Mn Services Vermogensbeheer B.V. lessened its position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,200 shares of the industrial products company’s stock after selling 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Nordson were worth $3,873,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of NDSN. Norges Bank bought a new position in Nordson during the 4th quarter worth approximately $142,670,000. Raymond James Financial Inc. bought a new position in Nordson during the 4th quarter worth approximately $74,005,000. First Trust Advisors LP lifted its holdings in Nordson by 676.5% during the 4th quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company’s stock worth $51,539,000 after buying an additional 214,594 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Nordson by 19,089.3% during the 1st quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company’s stock worth $28,606,000 after buying an additional 141,070 shares during the last quarter. Finally, FMR LLC lifted its holdings in Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock worth $145,135,000 after buying an additional 111,538 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.
Analyst Ratings Changes
NDSN has been the topic of several recent research reports. Vertical Research initiated coverage on Nordson in a report on Tuesday. They issued a “hold” rating and a $245.00 price target on the stock. 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 on the stock. in a report on Monday, February 24th. Robert W. Baird raised their price target on Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Finally, KeyCorp cut their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.00.
Nordson Stock Down 2.0%
NDSN opened at $214.12 on Wednesday. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64. The stock has a market cap of $12.10 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.68 and a beta of 0.89. The stock’s 50 day moving average price is $197.98 and its 200 day moving average price is $208.03.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The firm had revenue of $682.94 million for the quarter, compared to analysts’ expectations of $671.36 million. During the same period last year, the firm earned $2.34 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.
Nordson Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Nordson’s dividend payout ratio (DPR) is presently 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.
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