Cambridge Investment Research Advisors Inc. increased its holdings in Nordson Co. (NASDAQ:NDSN – Get Rating) by 36.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,838 shares of the industrial products company's stock after buying an additional 6,915 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Nordson were worth $5,231,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. Diversified Trust Co increased its stake in Nordson by 16.6% in the second quarter. Diversified Trust Co now owns 4,711 shares of the industrial products company's stock valued at $954,000 after acquiring an additional 671 shares during the last quarter. GPM Growth Investors Inc. bought a new position in Nordson in the second quarter valued at approximately $2,951,000. Albert D Mason Inc. increased its stake in Nordson by 2.9% in the second quarter. Albert D Mason Inc. now owns 3,634 shares of the industrial products company's stock valued at $736,000 after acquiring an additional 101 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Nordson by 1.6% in the second quarter. State of Alaska Department of Revenue now owns 8,754 shares of the industrial products company's stock valued at $1,771,000 after acquiring an additional 142 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd increased its stake in Nordson by 36.5% in the second quarter. Redpoint Investment Management Pty Ltd now owns 2,374 shares of the industrial products company's stock valued at $481,000 after acquiring an additional 635 shares during the last quarter. 72.03% of the stock is owned by institutional investors.
Get Nordson alerts:Analyst Ratings Changes
A number of analysts have weighed in on NDSN shares. StockNews.com raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Monday, September 19th. DA Davidson boosted their target price on shares of Nordson from $265.00 to $270.00 in a research note on Tuesday, August 23rd. Morgan Stanley decreased their target price on shares of Nordson from $270.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 9th. Finally, Robert W. Baird boosted their target price on shares of Nordson from $232.00 to $271.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $270.20.
Nordson Stock Performance
Shares of Nordson stock opened at $213.00 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. Nordson Co. has a twelve month low of $194.89 and a twelve month high of $272.28. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 1.76 and a beta of 0.95. The company's fifty day moving average is $228.94 and its 200 day moving average is $219.58.Nordson (NASDAQ:NDSN – Get Rating) last issued its quarterly earnings data on Monday, August 22nd. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.04. Nordson had a net margin of 19.25% and a return on equity of 23.66%. The company had revenue of $662.13 million for the quarter, compared to analysts' expectations of $650.90 million. During the same quarter in the previous year, the firm posted $2.42 earnings per share. Nordson's revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Nordson Co. will post 9.33 EPS for the current year.
Nordson Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were issued a $0.65 dividend. This is a positive change from Nordson's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.60 annualized dividend and a yield of 1.22%. Nordson's payout ratio is presently 31.48%.
Nordson Profile
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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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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