Bank of Montreal Can Buys 2,289 Shares of Nordson Co. (NASDAQ:NDSN)

Bank of Montreal Can raised its stake in Nordson Co. (NASDAQ:NDSNGet Rating) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,540 shares of the industrial products company’s stock after acquiring an additional 2,289 shares during the period. Bank of Montreal Can owned about 0.05% of Nordson worth $7,108,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NDSN. Sequoia Financial Advisors LLC grew its holdings in shares of Nordson by 483,474.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,026,331 shares of the industrial products company’s stock worth $1,793,611,000 after purchasing an additional 7,024,878 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Nordson by 2,651.9% in the first quarter. Johnson Investment Counsel Inc. now owns 242,935 shares of the industrial products company’s stock valued at $55,166,000 after acquiring an additional 234,107 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Nordson by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 848,630 shares of the industrial products company’s stock valued at $216,367,000 after acquiring an additional 111,380 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Nordson by 5.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,977,605 shares of the industrial products company’s stock valued at $504,826,000 after acquiring an additional 107,767 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Nordson by 25.4% in the first quarter. American Century Companies Inc. now owns 438,924 shares of the industrial products company’s stock valued at $99,671,000 after acquiring an additional 88,776 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

Nordson Stock Up 3.0 %

NDSN stock opened at $232.31 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $224.29 and a two-hundred day moving average price of $219.58. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 1.85 and a beta of 0.95. Nordson Co. has a twelve month low of $194.89 and a twelve month high of $272.28.

Nordson (NASDAQ:NDSNGet Rating) last posted its quarterly earnings results on Monday, August 22nd. The industrial products company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $662.13 million during the quarter, compared to the consensus estimate of $650.90 million. Nordson had a return on equity of 23.66% and a net margin of 19.25%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. Analysts anticipate that Nordson Co. will post 9.33 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.12%. This is an increase from Nordson’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, August 22nd. Nordson’s dividend payout ratio (DPR) is currently 31.48%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird increased their target price on Nordson from $232.00 to $271.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Morgan Stanley dropped their price target on Nordson from $270.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 9th. Finally, DA Davidson raised their price target on Nordson from $265.00 to $270.00 in a research report on Tuesday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Nordson presently has an average rating of “Hold” and a consensus price target of $270.20.

Nordson Profile

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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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

See Also

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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