Strategic Global Advisors LLC bought a new position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 6,163 shares of the industrial products company’s stock, valued at approximately $1,859,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC acquired a new stake in Nordson in the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Nordson during the 2nd quarter worth approximately $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson during the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $33,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Nordson during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Nordson Price Performance
NDSN stock opened at $334.58 on Thursday. Nordson Corporation has a 52-week low of $220.06 and a 52-week high of $339.12. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The business has a fifty day moving average of $301.37 and a two-hundred day moving average of $288.24.
Nordson Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. Nordson’s dividend payout ratio (DPR) is presently 33.16%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on NDSN shares. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Robert W. Baird raised their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Oppenheimer lifted their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Finally, Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Five equities research 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, Nordson currently has an average rating of “Moderate Buy” and an average price target of $326.57.
View Our Latest Research Report on Nordson
Nordson Profile
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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