Weiss Asset Management LP purchased a new position in Nordson Corporation (NASDAQ:NDSN – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,800 shares of the industrial products company’s stock, valued at approximately $2,341,000.
Other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its position in Nordson by 64.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock valued at $2,895,000 after acquiring an additional 4,737 shares in the last quarter. UBS Group AG raised its position in shares of Nordson by 7.3% in the 4th quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock worth $104,102,000 after acquiring an additional 29,294 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Nordson in the 4th quarter worth $4,381,000. Brendel Financial Advisors LLC purchased a new stake in shares of Nordson during the 4th quarter worth $3,646,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Nordson during the 4th quarter worth $1,671,000. 72.11% of the stock is owned by hedge funds and other institutional investors.
Nordson Price Performance
Shares of NDSN stock opened at $295.77 on Monday. The stock’s fifty day moving average price is $289.32 and its 200 day moving average price is $281.42. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.
Nordson Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. Nordson’s dividend payout ratio (DPR) is 34.97%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on NDSN shares. Oppenheimer lifted their target price on Nordson from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. DA Davidson increased their price target on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. BNP Paribas Exane raised their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $311.29.
Get Our Latest Report 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.
Read More
- Five stocks we like better than Nordson
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Corporation (NASDAQ:NDSN – Free Report).
Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.
