774 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. acquired a new position in Nordson Co. (NASDAQ:NDSNFree Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 774 shares of the industrial products company’s stock, valued at approximately $212,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tobam raised its holdings in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Nordson in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC purchased a new stake in Nordson during the 4th quarter valued at $27,000. Fortitude Family Office LLC purchased a new stake in Nordson during the 4th quarter valued at $28,000. Finally, Quent Capital LLC raised its stake in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NDSN shares. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson decreased their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Robert W. Baird decreased their target price on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $279.40.

View Our Latest Stock Analysis on NDSN

Nordson Trading Down 0.7 %

Shares of NDSN stock opened at $225.00 on Wednesday. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The firm has a fifty day moving average price of $242.14 and a 200-day moving average price of $254.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.83 and a beta of 0.91.

Nordson (NASDAQ:NDSNGet Free Report) last issued its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. The company had revenue of $650.64 million during 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.26 EPS. As a group, equities analysts predict that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, May 20th. Nordson’s dividend payout ratio is currently 32.42%.

About Nordson

(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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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