SG Americas Securities LLC Has $1.53 Million Holdings in Nordson Co. (NASDAQ:NDSN)

SG Americas Securities LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 124.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,586 shares of the industrial products company’s stock after purchasing an additional 4,209 shares during the period. SG Americas Securities LLC’s holdings in Nordson were worth $1,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NDSN. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Nordson by 86.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock valued at $39,000 after buying an additional 89 shares during the last quarter. Tortoise Investment Management LLC increased its position in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Nordson in the fourth quarter worth about $62,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Nordson during the fourth quarter worth approximately $92,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Nordson during the fourth quarter valued at approximately $98,000. Institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 1.7%

NASDAQ:NDSN opened at $214.36 on Monday. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $266.86. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.65 and a beta of 0.89. The business’s 50-day moving average price is $196.43 and its two-hundred day moving average price is $208.29.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. The company had revenue of $682.94 million during the quarter, compared to analysts’ expectations of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Nordson’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. On average, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Nordson’s payout ratio is presently 40.10%.

Analysts Set New Price Targets

Several research analysts recently weighed in on NDSN shares. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Oppenheimer raised Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research note on Friday, May 30th. KeyCorp decreased their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird upped their target price on shares of Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Finally, BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $253.17.

Nordson Company Profile

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.