Rehmann Capital Advisory Group Has $905,000 Holdings in Nordson Co. (NASDAQ:NDSN)

Rehmann Capital Advisory Group reduced its position in Nordson Co. (NASDAQ:NDSN) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,297 shares of the industrial products company’s stock after selling 129 shares during the period. Rehmann Capital Advisory Group’s holdings in Nordson were worth $905,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NDSN. Beacon Pointe Advisors LLC raised its stake in Nordson by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock valued at $782,000 after purchasing an additional 133 shares during the period. UBS Group AG lifted its stake in Nordson by 14.8% in the 4th quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock worth $43,024,000 after acquiring an additional 21,016 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Nordson by 918.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after acquiring an additional 10,878 shares during the period. Pallas Capital Advisors LLC purchased a new position in Nordson during the 4th quarter valued at about $1,192,000. Finally, Independent Advisor Alliance lifted its position in shares of Nordson by 2.3% in the fourth quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock traded up $2.99 during mid-day trading on Wednesday, reaching $227.99. The company’s stock had a trading volume of 51,915 shares, compared to its average volume of 231,913. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The firm’s 50-day moving average is $242.14 and its two-hundred day moving average is $254.97. Nordson Co. has a 1-year low of $208.91 and a 1-year high of $279.38. The company has a market cap of $13.06 billion, a P/E ratio of 26.82, a PEG ratio of 1.83 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last issued its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million during the quarter, compared to analysts’ expectations of $661.06 million. Nordson had a return on equity of 20.20% and a net margin of 18.23%. Nordson’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 EPS. On average, research analysts predict that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on NDSN shares. DA Davidson dropped their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Robert W. Baird cut their price objective on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson 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.