Dupont Capital Management Corp increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,170 shares of the industrial products company’s stock after acquiring an additional 676 shares during the quarter. Dupont Capital Management Corp’s holdings in Nordson were worth $1,342,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in NDSN. D.A. Davidson & CO. raised its holdings in shares of Nordson by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares during the period. Quantbot Technologies LP raised its holdings in shares of Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,507 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of Nordson during the fourth quarter valued at approximately $234,000. Oakbrook Investments LLC acquired a new stake in shares of Nordson during the third quarter valued at approximately $240,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Nordson during the third quarter valued at approximately $245,000. Institutional investors and hedge funds own 65.55% of the company’s stock.
Nordson Co. (NDSN) traded up $0.36 during mid-day trading on Wednesday, reaching $137.27. 148,100 shares of the company’s stock traded hands, compared to its average volume of 254,946. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $7,914.75, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. Nordson Co. has a 12 month low of $107.16 and a 12 month high of $151.84.
Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. sell-side analysts expect that Nordson Co. will post 6.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, February 16th. Nordson’s dividend payout ratio is 23.62%.
NDSN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Nordson from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and set a $145.00 price objective on shares of Nordson in a research report on Sunday, November 19th. SunTrust Banks reaffirmed a “buy” rating and set a $135.00 price objective on shares of Nordson in a research report on Friday, October 27th. Barrington Research reaffirmed a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $147.40.
In other Nordson news, VP James E. Devries sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the sale, the vice president now directly owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total transaction of $226,650.86. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock valued at $12,623,580 over the last three months. Insiders own 2.01% of the company’s stock.
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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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