Vanguard Group Inc. Boosts Holdings in Nordson Co. (NASDAQ:NDSN)

Vanguard Group Inc. grew its position in Nordson Co. (NASDAQ:NDSN) by 0.9% during the 1st quarter, HoldingsChannel reports. The fund owned 6,122,129 shares of the industrial products company’s stock after purchasing an additional 52,443 shares during the period. Vanguard Group Inc. owned about 0.11% of Nordson worth $1,680,769,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tobam increased its stake in Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 91 shares during the period. FNY Investment Advisers LLC purchased a new stake in Nordson in the 4th quarter valued at about $26,000. Fortitude Family Office LLC purchased a new position in shares of Nordson during the fourth quarter worth approximately $28,000. Quent Capital LLC raised its stake in shares of Nordson by 64.9% during the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 48 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Nordson in the first quarter valued at approximately $55,000. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

NDSN has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, DA Davidson decreased their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Stock Performance

Shares of Nordson stock traded up $1.07 during trading on Monday, hitting $237.68. 38,942 shares of the company’s stock were exchanged, compared to its average volume of 231,387. Nordson Co. has a 52-week low of $208.91 and a 52-week high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.91 and a beta of 0.91. The business has a 50-day simple moving average of $236.98 and a 200-day simple moving average of $253.62.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm had revenue of $650.64 million for the quarter, compared to analysts’ expectations of $661.06 million. During the same quarter last year, the company earned $2.26 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that Nordson Co. will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 1.14%. Nordson’s dividend payout ratio is presently 32.42%.

About Nordson

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.