OMERS ADMINISTRATION Corp boosted its position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) by 168.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,203 shares of the industrial products company’s stock after buying an additional 3,266 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Nordson were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its stake in shares of Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson during the 2nd quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in Nordson during the 2nd quarter valued at about $34,000. Hantz Financial Services Inc. grew its holdings in Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 46 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Nordson in the 4th quarter worth about $40,000. Institutional investors own 72.11% of the company’s stock.
Nordson Price Performance
Shares of NDSN opened at $294.98 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60. The company has a 50 day moving average price of $290.73 and a 200-day moving average price of $282.37. Nordson Corporation has a fifty-two week low of $207.08 and a fifty-two week high of $307.74. The stock has a market capitalization of $16.44 billion, a PE ratio of 31.45, a PEG ratio of 2.01 and a beta of 0.96.
Nordson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is currently 34.97%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on NDSN shares. Oppenheimer raised their price objective on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. BNP Paribas Exane increased their price target on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. DA Davidson boosted their price objective on Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $311.29.
View Our Latest Stock Analysis on NDSN
Nordson Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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