Xact Kapitalforvaltning AB grew its holdings in Nordson Co. (NASDAQ:NDSN) by 45.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,730 shares of the industrial products company’s stock after buying an additional 2,100 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Nordson were worth $918,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. CI Global Investments Inc. raised its stake in shares of Nordson by 1,721.4% in 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 acquired a new position in shares of Nordson in the 4th quarter valued at $212,000. Sequoia Financial Advisors LLC acquired a new position in shares of Nordson in the 4th quarter valued at $213,000. MML Investors Services LLC acquired a new position in shares of Nordson in the 4th quarter valued at $214,000. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Nordson by 4,687.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,580 shares of the industrial products company’s stock valued at $215,000 after buying an additional 1,547 shares in the last quarter. Institutional investors own 66.24% of the company’s stock.
NDSN opened at $128.41 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.84. Nordson Co. has a twelve month low of $107.16 and a twelve month high of $151.84. The stock has a market capitalization of $7.42 billion, a PE ratio of 21.79, a PEG ratio of 1.63 and a beta of 1.27.
Nordson (NASDAQ:NDSN) last posted its earnings results on Monday, May 21st. The industrial products company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.13. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The business had revenue of $553.70 million for the quarter, compared to analyst estimates of $551.98 million. During the same quarter in the prior year, the firm earned $1.35 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. analysts expect that Nordson Co. will post 6.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, May 25th. Nordson’s payout ratio is 22.35%.
A number of brokerages have recently issued reports on NDSN. Robert W. Baird restated a “hold” rating and issued a $157.00 price objective on shares of Nordson in a research note on Wednesday, April 4th. BidaskClub upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Wellington Shields cut shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research note on Wednesday, May 23rd. Wells Fargo & Co set a $135.00 price objective on shares of Nordson and gave the company a “hold” rating in a research note on Wednesday, May 23rd. Finally, B. Riley dropped their price objective on shares of Nordson from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, May 23rd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $153.60.
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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