Nordson Co. (NASDAQ:NDSN) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in Nordson Co. (NASDAQ:NDSNFree Report) by 63.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,630 shares of the industrial products company’s stock after purchasing an additional 1,405 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Nordson were worth $959,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in Nordson by 0.4% during the fourth quarter. Advisory Services Network LLC now owns 10,674 shares of the industrial products company’s stock worth $2,820,000 after purchasing an additional 40 shares in the last quarter. Independent Advisor Alliance raised its holdings in Nordson by 2.3% during the fourth quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 45 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Nordson by 0.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock worth $1,633,000 after purchasing an additional 47 shares in the last quarter. Quent Capital LLC raised its holdings in Nordson by 64.9% during the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 48 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in Nordson by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 1,766 shares of the industrial products company’s stock worth $394,000 after purchasing an additional 51 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.2 %

Shares of NASDAQ NDSN opened at $226.15 on Monday. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The firm’s 50 day moving average price is $257.90 and its 200 day moving average price is $256.89. The firm has a market cap of $12.95 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21.

Nordson (NASDAQ:NDSNGet Free Report) last posted its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The company had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. Nordson’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. As a group, sell-side analysts anticipate that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio is presently 32.42%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Wells Fargo & Company upped their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. DA Davidson lowered their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Finally, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.83.

Read Our Latest Stock Analysis on Nordson

Nordson Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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