Koch Industries Inc. boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 46.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,537 shares of the industrial products company’s stock after acquiring an additional 1,126 shares during the quarter. Koch Industries Inc.’s holdings in Nordson were worth $482,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in Nordson by 972.7% during the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 963 shares during the period. CI Global Investments Inc. raised its position in Nordson by 1,721.4% in the 1st quarter. CI Global Investments Inc. now owns 1,275 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 1,205 shares in the last quarter. Sapphire Star Partners LP acquired a new stake in Nordson in the 4th quarter valued at about $212,000. Sequoia Financial Advisors LLC acquired a new stake in Nordson in the 4th quarter valued at about $213,000. Finally, MML Investors Services LLC acquired a new stake in Nordson in the 4th quarter valued at about $214,000. Institutional investors own 66.27% of the company’s stock.
A number of research firms have issued reports on NDSN. B. Riley set a $175.00 price target on Nordson and gave the company a “buy” rating in a research report on Friday, February 23rd. BidaskClub raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. DA Davidson began coverage on Nordson in a research report on Wednesday, February 21st. They issued a “buy” rating and a $160.00 price target on the stock. ValuEngine raised Nordson from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $140.00 price target (down previously from $155.00) on shares of Nordson in a research report on Monday, February 26th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Nordson has a consensus rating of “Hold” and an average price target of $153.60.
Shares of Nordson opened at $131.64 on Wednesday, according to MarketBeat.com. Nordson Co. has a fifty-two week low of $107.16 and a fifty-two week high of $151.84. The stock has a market cap of $7.69 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. The company has a current ratio of 1.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.
Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 21st. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.13. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The firm had revenue of $553.70 million for the quarter, compared to analyst estimates of $551.98 million. During the same quarter in the prior year, the business posted $1.35 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. equities analysts forecast that Nordson Co. will post 6.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. Nordson’s payout ratio is presently 22.35%.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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