Swiss National Bank boosted its position in shares of Nordson Corporation (NASDAQ:NDSN) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,327 shares of the industrial products company’s stock after buying an additional 1,400 shares during the quarter. Swiss National Bank owned approximately 0.15% of Nordson Corporation worth $10,473,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Financial Architects Inc raised its holdings in Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after buying an additional 100 shares during the last quarter. IFP Advisors Inc raised its holdings in Nordson Corporation by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares during the last quarter. Opus Capital Group LLC bought a new stake in Nordson Corporation during the 2nd quarter valued at $208,000. Summit Securities Group LLC bought a new stake in Nordson Corporation during the 2nd quarter valued at $240,000. Finally, PNC Financial Services Group Inc. raised its holdings in Nordson Corporation by 5.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,031 shares of the industrial products company’s stock valued at $248,000 after buying an additional 106 shares during the last quarter. Institutional investors own 66.03% of the company’s stock.
A number of equities research analysts recently commented on NDSN shares. Robert W. Baird reiterated a “hold” rating and set a $128.00 price target on shares of Nordson Corporation in a report on Thursday, August 24th. FBR & Co set a $160.00 price target on shares of Nordson Corporation and gave the company a “buy” rating in a report on Monday. BidaskClub lowered shares of Nordson Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Nordson Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Nordson Corporation has a consensus rating of “Hold” and an average target price of $138.00.
Nordson Corporation (NDSN) opened at 112.78 on Wednesday. The firm has a 50-day moving average of $119.95 and a 200 day moving average of $121.87. Nordson Corporation has a one year low of $94.56 and a one year high of $131.49. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 22.43 and a beta of 1.35.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. Nordson Corporation’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities research analysts predict that Nordson Corporation will post $5.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. This is an increase from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, August 18th. Nordson Corporation’s dividend payout ratio (DPR) is 23.90%.
About Nordson Corporation
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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