Brown Advisory Inc. Has $475,000 Holdings in Nordson Corporation (NASDAQ:NDSN)

Brown Advisory Inc. reduced its position in Nordson Corporation (NASDAQ:NDSN) by 7.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,353 shares of the industrial products company’s stock after selling 201 shares during the period. Brown Advisory Inc.’s holdings in Nordson were worth $475,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Nordson by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 67 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Nordson by 18.7% in the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company’s stock worth $535,000 after acquiring an additional 418 shares during the period. Amalgamated Bank lifted its position in shares of Nordson by 1.2% in the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company’s stock worth $2,153,000 after acquiring an additional 127 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Nordson in the 1st quarter worth approximately $1,599,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Nordson by 6.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company’s stock worth $981,000 after acquiring an additional 283 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price target on Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Wolfe Research started coverage on Nordson in a research report on Wednesday, June 18th. They issued a “peer perform” rating on the stock. Oppenheimer upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Friday, May 30th. Finally, KeyCorp raised their price target on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $254.86.

Nordson Stock Performance

Shares of Nordson stock opened at $214.90 on Wednesday. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The business’s fifty day simple moving average is $210.64 and its 200 day simple moving average is $206.05. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.14 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89.

Nordson (NASDAQ:NDSN) last released 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 business had revenue of $682.94 million during the quarter, compared to analyst estimates of $671.36 million. Nordson had a return on equity of 19.10% and a net margin of 16.51%. Nordson’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 EPS. As a group, analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were given a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 annualized dividend and a yield of 1.45%. Nordson’s dividend payout ratio is currently 40.10%.

Nordson 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.