Strs Ohio increased its holdings in Nordson Co. (NASDAQ:NDSN – Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,572 shares of the industrial products company’s stock after purchasing an additional 445 shares during the quarter. Strs Ohio owned approximately 0.08% of Nordson worth $10,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of NDSN. D.A. Davidson & CO. grew its stake in shares of Nordson by 18.4% in the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 147 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Nordson by 461.0% during the 1st quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 4,352 shares in the last quarter. Raymond James Trust N.A. boosted its position in Nordson by 7.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 150 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Nordson during the 1st quarter valued at approximately $219,000. Finally, Sei Investments Co. boosted its position in Nordson by 2.1% during the 1st quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock valued at $10,615,000 after acquiring an additional 970 shares in the last quarter. 71.18% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. KeyCorp lifted their price objective on Nordson from $255.00 to $270.00 in a research report on Thursday, June 22nd. Robert W. Baird boosted their price target on Nordson from $241.00 to $251.00 in a research report on Wednesday, May 24th. StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Loop Capital dropped their price target on Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Tuesday, March 21st.
Nordson Price Performance
Nordson (NASDAQ:NDSN – Get Free Report) last announced its quarterly earnings data on Tuesday, May 23rd. The industrial products company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.14. The company had revenue of $650.17 million during the quarter, compared to analyst estimates of $638.87 million. Nordson had a net margin of 19.75% and a return on equity of 22.40%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. As a group, research analysts expect that Nordson Co. will post 9.06 EPS for the current fiscal year.
Nordson Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.05%. Nordson’s dividend payout ratio is presently 29.18%.
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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).
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