IFM Investors Pty Ltd Has $2.83 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

IFM Investors Pty Ltd boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,313 shares of the industrial products company’s stock after purchasing an additional 205 shares during the quarter. IFM Investors Pty Ltd’s holdings in Nordson were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NDSN. Vanguard Group Inc. increased its holdings in Nordson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock valued at $1,603,368,000 after purchasing an additional 20,164 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Nordson by 4.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company’s stock valued at $498,992,000 after acquiring an additional 88,095 shares during the period. Morgan Stanley boosted its stake in Nordson by 9.2% during the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after acquiring an additional 117,337 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Nordson by 53.4% during the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock valued at $176,534,000 after purchasing an additional 275,240 shares during the period. Finally, Invesco Ltd. increased its stake in Nordson by 9.0% in the third quarter. Invesco Ltd. now owns 781,549 shares of the industrial products company’s stock valued at $174,418,000 after purchasing an additional 64,707 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NDSN shares. Wells Fargo & Company boosted their price target on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, DA Davidson increased their price objective on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Nordson Stock Up 0.3 %

Shares of Nordson stock traded up $0.74 during trading hours on Friday, reaching $260.40. 165,646 shares of the company’s stock were exchanged, compared to its average volume of 180,566. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $266.44 and a two-hundred day moving average of $250.19. The stock has a market cap of $14.89 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.96 and a beta of 1.00. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $630.77 million. During the same period last year, the company earned $1.95 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, February 16th. Nordson’s dividend payout ratio (DPR) is currently 31.81%.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.