Segall Bryant & Hamill LLC trimmed its holdings in Nordson Corporation (NASDAQ:NDSN – Free Report) by 5.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,902 shares of the industrial products company’s stock after selling 3,189 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.11% of Nordson worth $16,204,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in NDSN. Roman Butler Fullerton & Co. lifted its position in shares of Nordson by 4.2% during the 4th quarter. Roman Butler Fullerton & Co. now owns 950 shares of the industrial products company’s stock worth $228,000 after buying an additional 38 shares during the last quarter. Syon Capital LLC grew its position in shares of Nordson by 4.0% in the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock valued at $255,000 after buying an additional 41 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 46 shares in the last quarter. Private Trust Co. NA lifted its position in Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Nordson by 1.9% in the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock valued at $700,000 after acquiring an additional 57 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Stock Up 0.9%
Shares of NASDAQ:NDSN opened at $297.78 on Friday. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65. The stock has a market cap of $16.59 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.98 and a beta of 0.96. The firm has a fifty day moving average price of $291.06 and a 200 day moving average price of $282.72.
Nordson Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 18th. Nordson’s payout ratio is 34.97%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on NDSN shares. Oppenheimer raised their price objective on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. DA Davidson raised their price target on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, BNP Paribas Exane lifted their price target on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus target price of $311.29.
Read Our Latest Analysis on Nordson
About Nordson
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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