Nordson Co. (NASDAQ:NDSN) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,313 shares of the industrial products company’s stock after buying an additional 205 shares during the quarter. IFM Investors Pty Ltd’s holdings in Nordson were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Nordson by 0.4% in the 4th quarter. Advisory Services Network LLC now owns 10,674 shares of the industrial products company’s stock worth $2,820,000 after acquiring an additional 40 shares during the period. Independent Advisor Alliance boosted its position in Nordson by 2.3% during the fourth quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 45 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Nordson by 0.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock valued at $1,633,000 after purchasing an additional 47 shares during the last quarter. Ieq Capital LLC increased its position in shares of Nordson by 3.6% in the third quarter. Ieq Capital LLC now owns 1,381 shares of the industrial products company’s stock valued at $308,000 after buying an additional 48 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after buying an additional 48 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDSN has been the subject of several recent research reports. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their target price on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Finally, DA Davidson boosted their price target on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Nordson Trading Up 0.3 %

Shares of NDSN traded up $0.74 during mid-day trading on Friday, reaching $260.40. The company had a trading volume of 165,646 shares, compared to its average volume of 180,566. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00. The firm has a fifty day simple moving average of $266.44 and a 200-day simple moving average of $250.19. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The firm had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 16th. Nordson’s dividend payout ratio (DPR) is presently 31.81%.

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.