Capital Insight Partners LLC Increases Holdings in Nordson Co. (NASDAQ:NDSN)

Capital Insight Partners LLC grew its holdings in shares of Nordson Co. (NASDAQ:NDSNGet Rating) by 5.4% in the 1st quarter, HoldingsChannel reports. The firm owned 13,898 shares of the industrial products company’s stock after acquiring an additional 715 shares during the quarter. Capital Insight Partners LLC’s holdings in Nordson were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NDSN. Sequoia Financial Advisors LLC increased its position in shares of Nordson by 483,474.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,026,331 shares of the industrial products company’s stock valued at $1,793,611,000 after purchasing an additional 7,024,878 shares during the last quarter. Geode Capital Management LLC increased its holdings in Nordson by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 848,630 shares of the industrial products company’s stock worth $216,367,000 after acquiring an additional 111,380 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Nordson by 5.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,977,605 shares of the industrial products company’s stock worth $504,826,000 after acquiring an additional 107,767 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Nordson by 19.7% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 619,152 shares of the industrial products company’s stock worth $158,051,000 after acquiring an additional 101,852 shares during the last quarter. Finally, State Street Corp increased its holdings in Nordson by 3.5% in the 4th quarter. State Street Corp now owns 2,072,090 shares of the industrial products company’s stock worth $529,987,000 after acquiring an additional 69,469 shares during the last quarter. 81.23% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on NDSN. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Monday, June 13th. Robert W. Baird decreased their price objective on Nordson from $266.00 to $243.00 and set an “outperform” rating for the company in a report on Wednesday, May 25th. Loop Capital assumed coverage on Nordson in a research note on Tuesday, March 29th. They issued a “hold” rating and a $250.00 target price for the company. Morgan Stanley cut their target price on Nordson from $270.00 to $250.00 and set an “equal weight” rating for the company in a research note on Thursday, June 9th. Finally, DA Davidson cut their target price on Nordson from $300.00 to $265.00 in a research note on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.60.

Shares of NDSN traded down $1.86 during trading hours on Friday, reaching $200.58. 823 shares of the company’s stock traded hands, compared to its average volume of 339,940. The stock has a market cap of $11.54 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $210.54 and its 200-day simple moving average is $224.77. Nordson Co. has a 12 month low of $194.89 and a 12 month high of $272.28.

Nordson (NASDAQ:NDSNGet Rating) last issued its quarterly earnings results on Monday, May 23rd. The industrial products company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.14. The firm had revenue of $635.40 million during the quarter, compared to the consensus estimate of $644.90 million. Nordson had a return on equity of 23.93% and a net margin of 19.38%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. As a group, analysts expect that Nordson Co. will post 9.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.02%. Nordson’s dividend payout ratio (DPR) is presently 24.79%.

Nordson Profile (Get Rating)

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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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