Norris Perne & French LLP MI Buys 171 Shares of Nordson Co. (NASDAQ:NDSN)

Norris Perne & French LLP MI lifted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 58,408 shares of the industrial products company’s stock after acquiring an additional 171 shares during the period. Norris Perne & French LLP MI owned approximately 0.10% of Nordson worth $16,035,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NDSN. Tobam lifted its holdings in shares of Nordson by 2,275.0% during 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 $26,000. Sound Income Strategies LLC purchased a new position in Nordson in the 4th quarter worth $27,000. Fortitude Family Office LLC purchased a new position in Nordson in the 4th quarter worth $28,000. Finally, Quent Capital LLC raised its position in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 48 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Trading Up 0.7 %

Shares of NASDAQ NDSN traded up $1.63 during midday trading on Friday, hitting $231.94. 444,745 shares of the company traded hands, compared to its average volume of 237,352. Nordson Co. has a 12-month low of $208.91 and a 12-month high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The stock has a 50-day moving average price of $246.82 and a 200 day moving average price of $256.13. The firm has a market cap of $13.28 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.86 and a beta of 0.93.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. The business had revenue of $650.64 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. As a group, analysts expect that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.17%. Nordson’s payout ratio is 32.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NDSN shares. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Robert W. Baird decreased their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Finally, DA Davidson decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $279.40.

About Nordson

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.