Mcdaniel Terry & Co. lowered its position in Nordson Corporation (NASDAQ:NDSN) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 268,961 shares of the industrial products company’s stock after selling 5,819 shares during the quarter. Nordson Corporation comprises 6.3% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its largest holding. Mcdaniel Terry & Co. owned approximately 0.47% of Nordson Corporation worth $32,630,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Nordson Corporation by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 4,396,104 shares of the industrial products company’s stock worth $540,018,000 after acquiring an additional 251,861 shares during the last quarter. BlackRock Inc. increased its holdings in Nordson Corporation by 6,982.3% in the 1st quarter. BlackRock Inc. now owns 4,380,454 shares of the industrial products company’s stock worth $538,093,000 after acquiring an additional 4,318,603 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Nordson Corporation by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 993,628 shares of the industrial products company’s stock worth $122,057,000 after acquiring an additional 12,809 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Nordson Corporation by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock worth $93,786,000 after acquiring an additional 374,363 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in Nordson Corporation in the 2nd quarter worth about $75,388,000. 66.03% of the stock is owned by institutional investors.
Nordson Corporation (NASDAQ NDSN) traded up 1.36% on Monday, reaching $111.06. The company’s stock had a trading volume of 44,919 shares. The stock has a market cap of $6.41 billion, a P/E ratio of 22.08 and a beta of 1.35. The stock has a 50-day moving average of $120.20 and a 200-day moving average of $121.92. Nordson Corporation has a one year low of $94.56 and a one year high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, analysts predict that Nordson Corporation will post $5.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were given a $0.30 dividend. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. Nordson Corporation’s dividend payout ratio is presently 23.90%.
Several equities research analysts recently weighed in on NDSN shares. Robert W. Baird reissued a “hold” rating and issued a $128.00 price objective on shares of Nordson Corporation in a report on Thursday, August 24th. BidaskClub lowered Nordson Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. FBR & Co reissued an “outperform” rating on shares of Nordson Corporation in a report on Tuesday, July 11th. Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered Nordson Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $134.33.
Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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