SRN Advisors LLC Buys 170 Shares of Nordson Co. (NASDAQ:NDSN)

SRN Advisors LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,945 shares of the industrial products company’s stock after buying an additional 170 shares during the quarter. SRN Advisors LLC’s holdings in Nordson were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDSN. Beacon Pointe Advisors LLC grew its position in Nordson by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock worth $782,000 after buying an additional 133 shares in the last quarter. UBS Group AG increased its position in Nordson by 14.8% during the 4th quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock valued at $43,024,000 after purchasing an additional 21,016 shares during the period. Bessemer Group Inc. raised its stake in Nordson by 5,590.7% during the first quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock worth $1,343,000 after buying an additional 4,808 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Nordson by 918.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock valued at $3,187,000 after purchasing an additional 10,878 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in shares of Nordson during the 1st quarter worth approximately $1,562,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 0.8 %

NASDAQ:NDSN traded down $1.96 during trading hours on Friday, hitting $241.38. 305,302 shares of the company traded hands, compared to its average volume of 253,803. Nordson Co. has a one year low of $208.91 and a one year high of $279.38. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. The company has a market cap of $13.82 billion, a PE ratio of 28.77, a PEG ratio of 1.97 and a beta of 0.91. The firm’s 50-day simple moving average is $233.76 and its 200-day simple moving average is $253.06.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $661.06 million. During the same period in the previous year, the company earned $2.26 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDSN shares. DA Davidson reduced their target price on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Robert W. Baird decreased their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company 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 note on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.40.

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.