Mutual of America Capital Management LLC Sells 201 Shares of Nordson Corporation (NASDAQ:NDSN)

Mutual of America Capital Management LLC trimmed its position in Nordson Corporation (NASDAQ:NDSN) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,308 shares of the industrial products company’s stock after selling 201 shares during the period. Mutual of America Capital Management LLC’s holdings in Nordson were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NDSN. Commonwealth Equity Services LLC raised its holdings in shares of Nordson by 27.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,220 shares of the industrial products company’s stock worth $2,557,000 after buying an additional 2,638 shares during the last quarter. Sei Investments Co. grew its position in Nordson by 18.7% during the fourth quarter. Sei Investments Co. now owns 66,336 shares of the industrial products company’s stock valued at $13,881,000 after buying an additional 10,435 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Nordson in the fourth quarter valued at about $3,808,000. LPL Financial LLC grew its position in shares of Nordson by 19.3% in the fourth quarter. LPL Financial LLC now owns 120,925 shares of the industrial products company’s stock valued at $25,302,000 after purchasing an additional 19,525 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock valued at $1,302,887,000 after purchasing an additional 93,146 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NDSN shares. Robert W. Baird lifted their target price on shares of Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th. KeyCorp lifted their target price on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Oppenheimer upgraded shares of Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a report on Friday, May 30th. Finally, Vertical Research began coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a “hold” rating and a $245.00 target price for the company. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price of $254.86.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $217.07 on Monday. The company has a market cap of $12.27 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64. The company has a 50-day simple moving average of $212.07 and a 200-day simple moving average of $206.20.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The business had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. During the same period in the previous year, the firm posted $2.34 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a yield of 1.44%. Nordson’s dividend payout ratio (DPR) is 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.