Washington Capital Management Inc. maintained its stake in Nordson Corporation (NASDAQ:NDSN) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,620 shares of the industrial products company’s stock at the end of the first quarter. Washington Capital Management Inc.’s holdings in Nordson Corporation were worth $568,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new stake in Nordson Corporation during the fourth quarter valued at approximately $111,000. TrimTabs Asset Management LLC bought a new stake in Nordson Corporation during the first quarter valued at approximately $126,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Nordson Corporation by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock valued at $164,000 after buying an additional 435 shares during the period. IFP Advisors Inc boosted its stake in Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares during the period. Finally, Pacad Investment Ltd. boosted its stake in Nordson Corporation by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $179,000 after buying an additional 200 shares during the period. 66.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nordson Corporation (NDSN) traded down 0.01% during trading on Friday, hitting $117.71. 667,159 shares of the stock were exchanged. Nordson Corporation has a 52 week low of $78.16 and a 52 week high of $131.49. The firm’s 50 day moving average price is $122.76 and its 200-day moving average price is $118.68. The stock has a market cap of $6.78 billion, a P/E ratio of 24.81 and a beta of 1.28.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The company had revenue of $496.14 million for the quarter, compared to analyst estimates of $470.12 million. During the same period in the prior year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Nordson Corporation will post $5.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, May 25th. Nordson Corporation’s dividend payout ratio is currently 22.78%.
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Several research firms have recently commented on NDSN. Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Nordson Corporation in a research note on Tuesday, February 28th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Finally, Wellington Shields raised shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nordson Corporation currently has a consensus rating of “Hold” and an average price target of $115.50.
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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