Stephens Inc. AR Raises Holdings in Nordson Corporation (NASDAQ:NDSN)

Stephens Inc. AR boosted its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 40.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,728 shares of the industrial products company’s stock after buying an additional 791 shares during the period. Stephens Inc. AR’s holdings in Nordson were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock valued at $39,000 after buying an additional 89 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Nordson during the fourth quarter valued at approximately $62,000. CX Institutional acquired a new stake in Nordson in the first quarter valued at approximately $67,000. Canada Post Corp Registered Pension Plan purchased a new position in Nordson in the fourth quarter worth $92,000. Finally, Generali Asset Management SPA SGR purchased a new position in Nordson in the fourth quarter worth $98,000. Institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NDSN. Oppenheimer upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a report on Friday, May 30th. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Robert W. Baird raised their price target on Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Wolfe Research initiated coverage on shares of Nordson in a report on Wednesday, June 18th. They set a “peer perform” rating on the stock. Finally, KeyCorp increased their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.86.

Nordson Stock Down 0.2%

Shares of NDSN stock opened at $217.07 on Friday. Nordson Corporation has a fifty-two week low of $165.03 and a fifty-two week high of $266.86. The firm has a market capitalization of $12.27 billion, a PE ratio of 27.90, a P/E/G ratio of 1.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.56. The stock’s 50-day simple moving average is $212.07 and its 200-day simple moving average is $206.21.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The firm had revenue of $682.94 million for the quarter, compared to analyst estimates of $671.36 million. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Nordson’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts expect that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson’s dividend payout ratio (DPR) is presently 40.10%.

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 worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.