Suntrust Banks Inc. Acquires 864 Shares of Nordson Co. (NDSN)

Suntrust Banks Inc. raised its holdings in Nordson Co. (NASDAQ:NDSN) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,293 shares of the industrial products company’s stock after purchasing an additional 864 shares during the period. Suntrust Banks Inc.’s holdings in Nordson were worth $3,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in Nordson by 2.4% in the 1st quarter. BlackRock Inc. now owns 4,416,483 shares of the industrial products company’s stock valued at $602,143,000 after purchasing an additional 105,461 shares during the period. Wells Fargo & Company MN boosted its holdings in Nordson by 8.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,050,902 shares of the industrial products company’s stock valued at $143,280,000 after purchasing an additional 80,587 shares during the period. JPMorgan Chase & Co. boosted its holdings in Nordson by 34.9% in the 1st quarter. JPMorgan Chase & Co. now owns 840,589 shares of the industrial products company’s stock valued at $114,605,000 after purchasing an additional 217,539 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Nordson by 5.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 472,740 shares of the industrial products company’s stock valued at $64,453,000 after purchasing an additional 26,106 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Nordson by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 453,297 shares of the industrial products company’s stock valued at $66,362,000 after purchasing an additional 8,332 shares during the period. 66.24% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on NDSN. Wells Fargo & Co set a $135.00 price target on shares of Nordson and gave the stock a “hold” rating in a report on Wednesday, May 23rd. BidaskClub raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, April 21st. ValuEngine raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Wellington Shields downgraded shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a report on Wednesday, May 23rd. Finally, B. Riley cut their price target on shares of Nordson from $175.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, May 23rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Nordson presently has a consensus rating of “Hold” and an average target price of $153.60.

Nordson opened at $127.71 on Friday, Marketbeat.com reports. The company has a market cap of $7.33 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.61 and a beta of 1.27. Nordson Co. has a 1 year low of $107.16 and a 1 year high of $151.84. The company has a quick ratio of 1.31, a current ratio of 1.84 and a debt-to-equity ratio of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 21st. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.13. The business had revenue of $553.70 million during the quarter, compared to analysts’ expectations of $551.98 million. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. research analysts expect that Nordson Co. will post 6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, May 25th. Nordson’s dividend payout ratio is 22.35%.

Nordson Company Profile

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.

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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.

Leave a Reply