Barclays PLC raised its stake in shares of Nordson Co. (NASDAQ:NDSN) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,458 shares of the industrial products company’s stock after purchasing an additional 866 shares during the quarter. Barclays PLC’s holdings in Nordson were worth $1,016,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NDSN. Advisory Services Network LLC boosted its holdings in shares of Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after buying an additional 963 shares in the last quarter. CI Global Investments Inc. boosted its holdings in shares of Nordson by 1,721.4% during the 1st quarter. CI Global Investments Inc. now owns 1,275 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,205 shares in the last quarter. Sapphire Star Partners LP bought a new stake in shares of Nordson during the 4th quarter valued at $212,000. Sequoia Financial Advisors LLC bought a new stake in shares of Nordson during the 4th quarter valued at $213,000. Finally, MML Investors Services LLC bought a new stake in shares of Nordson during the 4th quarter valued at $214,000. 66.24% of the stock is currently owned by institutional investors and hedge funds.
NDSN has been the topic of a number of research reports. ValuEngine cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, April 27th. BidaskClub cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wellington Shields cut shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a report on Wednesday, May 23rd. Wells Fargo & Co set a $135.00 target price on shares of Nordson and gave the company a “hold” rating in a report on Wednesday, May 23rd. Finally, B. Riley dropped their target price on shares of Nordson from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $153.60.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, May 21st. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.13. The company had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $551.98 million. Nordson had a net margin of 16.63% and a return on equity of 28.97%. Nordson’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. analysts expect that Nordson Co. will post 6.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, May 25th. Nordson’s payout ratio is 22.35%.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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