Mn Services Vermogensbeheer B.V. Has $4.94 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.7% during the second quarter, Holdings Channel.com reports. The firm owned 21,300 shares of the industrial products company’s stock after selling 600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Nordson were worth $4,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Nordson during the first quarter valued at about $55,000. Christopher J. Hasenberg Inc bought a new position in shares of Nordson during the 1st quarter worth approximately $58,000. Crewe Advisors LLC bought a new position in shares of Nordson during the 1st quarter worth approximately $67,000. Clarity Asset Management Inc. purchased a new position in shares of Nordson in the 4th quarter worth approximately $88,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Nordson by 217.8% in the first quarter. Sound Income Strategies LLC now owns 321 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 220 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of NASDAQ NDSN traded up $1.37 during trading on Friday, reaching $257.40. 371,734 shares of the stock traded hands, compared to its average volume of 244,762. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38. The stock has a market capitalization of $14.74 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. Nordson Co. has a 52-week low of $208.91 and a 52-week high of $279.38. The company has a 50-day moving average of $236.72 and a 200-day moving average of $251.63.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.35 EPS. Analysts forecast that Nordson Co. will post 9.52 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This is an increase from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 annualized dividend and a yield of 1.21%. Nordson’s dividend payout ratio (DPR) is 37.19%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird upped their price objective on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, DA Davidson lowered their price objective 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $282.40.

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.