Nordson Co. (NASDAQ:NDSN) Holdings Decreased by Mcdonald Partners LLC

Mcdonald Partners LLC trimmed its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,375 shares of the industrial products company’s stock after selling 50 shares during the quarter. Mcdonald Partners LLC’s holdings in Nordson were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its position in Nordson by 11.0% during the third quarter. Rafferty Asset Management LLC now owns 4,305 shares of the industrial products company’s stock valued at $961,000 after buying an additional 426 shares during the period. FMR LLC grew its position in Nordson by 4.3% in the 3rd quarter. FMR LLC now owns 546,738 shares of the industrial products company’s stock worth $122,015,000 after purchasing an additional 22,685 shares during the last quarter. LPL Financial LLC lifted its position in shares of Nordson by 15.5% in the 3rd quarter. LPL Financial LLC now owns 30,915 shares of the industrial products company’s stock worth $6,899,000 after acquiring an additional 4,151 shares during the period. Stifel Financial Corp lifted its holdings in shares of Nordson by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 129,378 shares of the industrial products company’s stock worth $28,874,000 after acquiring an additional 2,093 shares during the period. Finally, Northern Trust Corp lifted its stake in Nordson by 8.0% during the third quarter. Northern Trust Corp now owns 507,280 shares of the industrial products company’s stock worth $113,210,000 after purchasing an additional 37,665 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Price Performance

Shares of NASDAQ:NDSN traded up $0.99 during midday trading on Wednesday, reaching $229.81. The company’s stock had a trading volume of 194,869 shares, compared to its average volume of 233,865. The business’s fifty day simple moving average is $248.57 and its 200-day simple moving average is $256.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The company has a market capitalization of $13.16 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.85 and a beta of 0.93.

Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping 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 company had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. During the same period in the previous year, the firm posted $2.26 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that Nordson Co. will post 9.52 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.18%. Nordson’s payout ratio is currently 32.42%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NDSN shares. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird reduced their target price on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, DA Davidson dropped their target price 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $279.40.

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.