AGF Management Ltd. bought a new position in Nordson Co. (NASDAQ:NDSN – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,899 shares of the industrial products company’s stock, valued at approximately $422,000.
A number of other institutional investors have also recently modified their holdings of the stock. Wealth Alliance boosted its position in shares of Nordson by 3.2% during the fourth quarter. Wealth Alliance now owns 1,348 shares of the industrial products company’s stock valued at $321,000 after buying an additional 42 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Nordson by 4.1% in the fourth quarter. Parallel Advisors LLC now owns 1,092 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 43 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Nordson by 0.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,983 shares of the industrial products company’s stock valued at $3,312,000 after acquiring an additional 47 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in shares of Nordson by 13.2% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 421 shares of the industrial products company’s stock worth $100,000 after buying an additional 49 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of Nordson by 0.4% in the first quarter. DnB Asset Management AS now owns 12,315 shares of the industrial products company’s stock worth $2,737,000 after buying an additional 49 shares during the period. 71.18% of the stock is owned by hedge funds and other institutional investors.
Nordson Stock Performance
NASDAQ NDSN opened at $250.66 on Wednesday. The stock has a market capitalization of $14.29 billion, a PE ratio of 28.13, a P/E/G ratio of 2.14 and a beta of 0.94. The business has a 50 day simple moving average of $238.25 and a two-hundred day simple moving average of $228.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.17 and a quick ratio of 0.72. Nordson Co. has a 1-year low of $202.57 and a 1-year high of $253.40.
Nordson Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, May 22nd. Nordson’s dividend payout ratio (DPR) is 29.18%.
Analyst Ratings Changes
NDSN has been the topic of several recent research reports. KeyCorp raised their price objective on Nordson from $255.00 to $270.00 in a research note on Thursday, June 22nd. StockNews.com upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Wells Fargo & Company increased their target price on Nordson from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, Robert W. Baird increased their target price on Nordson from $241.00 to $251.00 in a research report on Wednesday, May 24th.
Insider Transactions at Nordson
In related news, Director Mary G. Puma sold 2,099 shares of Nordson stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $245.92, for a total value of $516,186.08. Following the completion of the sale, the director now directly owns 16,835 shares in the company, valued at $4,140,063.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.
Nordson Profile
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).
Read More
- Five stocks we like better than Nordson
- Short Selling: How to Short a Stock
- JetBlue Airlines May Have Entered A Buy Zone, Check This First
- Are Penny Stocks a Good Fit for Your Portfolio?
- Investors Are Staying Bullish On Marriot International
- What Are Defense Contractor Stocks? How to Invest in Defense
- Do Caterpillar’s Results Hint at a Looming Infrastructure Bubble?
Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Co. (NASDAQ:NDSN – Free Report).
Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.
