Copeland Capital Management LLC cut its position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,657 shares of the industrial products company’s stock after selling 2,659 shares during the quarter. Copeland Capital Management LLC’s holdings in Nordson were worth $30,240,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Nordson by 70.8% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Nordson during the second quarter worth approximately $31,000. MUFG Securities EMEA plc purchased a new stake in Nordson in the 2nd quarter worth approximately $34,000. Hantz Financial Services Inc. grew its stake in Nordson by 43.4% in the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 46 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Nordson in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 72.11% of the company’s stock.
Nordson Trading Down 1.5%
Shares of NDSN opened at $288.98 on Friday. Nordson Corporation has a twelve month low of $207.08 and a twelve month high of $307.74. The firm has a market capitalization of $16.10 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $288.17 and its 200 day simple moving average is $279.45.
Nordson Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s payout ratio is presently 34.97%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NDSN. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. DA Davidson lifted their price objective on Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Oppenheimer increased their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, BNP Paribas Exane raised their price target on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $311.29.
Get Our Latest Analysis on NDSN
About Nordson
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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