DekaBank Deutsche Girozentrale Boosts Stake in Nordson Co. (NASDAQ:NDSN)

DekaBank Deutsche Girozentrale boosted its stake in Nordson Co. (NASDAQ:NDSN) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,237 shares of the industrial products company’s stock after purchasing an additional 567 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of Nordson worth $14,764,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC raised its holdings in shares of Nordson by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock valued at $782,000 after buying an additional 133 shares during the period. UBS Group AG lifted its position in shares of Nordson by 14.8% during the fourth quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock worth $43,024,000 after purchasing an additional 21,016 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Nordson by 5,590.7% in the first quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock valued at $1,343,000 after purchasing an additional 4,808 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Nordson in the first quarter valued at approximately $1,562,000. Finally, Independent Advisor Alliance grew its holdings 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 valued at $524,000 after purchasing an additional 45 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NDSN has been the subject of several analyst reports. Robert W. Baird lowered their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, DA Davidson dropped their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Nordson has an average rating of “Moderate Buy” and an average price target of $279.40.

Nordson Stock Performance

Shares of Nordson stock traded down $1.96 during trading on Friday, reaching $241.38. The company’s stock had a trading volume of 305,302 shares, compared to its average volume of 253,803. The company has a 50-day moving average price of $233.76 and a two-hundred day moving average price of $253.04. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38. The firm has a market cap of $13.82 billion, a PE ratio of 28.77, a P/E/G ratio of 1.97 and a beta of 0.91. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

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

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were given a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Nordson’s payout ratio is currently 32.42%.

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.