Norris Perne & French LLP MI Grows Stake in Nordson Co. (NASDAQ:NDSN)

Norris Perne & French LLP MI lifted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.3% in the first quarter, Holdings Channel reports. The firm owned 58,408 shares of the industrial products company’s stock after buying an additional 171 shares during the period. Norris Perne & French LLP MI’s holdings in Nordson were worth $16,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Nordson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock worth $1,603,368,000 after purchasing an additional 20,164 shares in the last quarter. Morgan Stanley boosted its position in Nordson by 9.2% during the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after acquiring an additional 117,337 shares during the last quarter. Lazard Asset Management LLC boosted its position in Nordson by 53.4% during the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock worth $176,534,000 after acquiring an additional 275,240 shares during the last quarter. Norges Bank acquired a new position in Nordson during the fourth quarter worth about $158,948,000. Finally, Wells Fargo & Company MN boosted its position in Nordson by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 484,863 shares of the industrial products company’s stock worth $128,081,000 after acquiring an additional 4,416 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NDSN shares. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson lowered their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Robert W. Baird decreased their target price on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Trading Up 0.7 %

NASDAQ:NDSN traded up $1.63 on Friday, hitting $231.94. The stock had a trading volume of 444,745 shares, compared to its average volume of 237,352. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.86 and a beta of 0.93. The company has a fifty day moving average price of $246.82 and a two-hundred day moving average price of $256.13. Nordson Co. has a 1-year low of $208.91 and a 1-year high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.04. The company had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. Nordson’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.26 EPS. Equities research analysts expect that Nordson Co. will post 9.52 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio (DPR) is 32.42%.

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.