EULAV Asset Management maintained its stake in Nordson Co. (NASDAQ:NDSN) during the first quarter, Holdings Channel reports. The firm owned 25,800 shares of the industrial products company’s stock at the end of the first quarter. EULAV Asset Management’s holdings in Nordson were worth $3,169,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in shares of Nordson during the fourth quarter valued at about $3,725,000. Advisory Research Inc. purchased a new position in shares of Nordson during the fourth quarter valued at about $1,570,000. Mason Street Advisors LLC increased its position in shares of Nordson by 1.8% in the first quarter. Mason Street Advisors LLC now owns 25,282 shares of the industrial products company’s stock valued at $3,106,000 after buying an additional 458 shares in the last quarter. Mcdaniel Terry & Co. increased its position in shares of Nordson by 0.5% in the third quarter. Mcdaniel Terry & Co. now owns 281,571 shares of the industrial products company’s stock valued at $28,053,000 after buying an additional 1,480 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Nordson by 5.0% in the fourth quarter. Comerica Bank now owns 47,720 shares of the industrial products company’s stock valued at $5,419,000 after buying an additional 2,274 shares in the last quarter. 64.61% of the stock is currently owned by institutional investors and hedge funds.
Nordson Co. (NASDAQ:NDSN) traded down 0.55% on Monday, hitting $116.71. 392,398 shares of the stock traded hands. The firm has a 50-day moving average price of $124.62 and a 200-day moving average price of $118.18. The company has a market capitalization of $6.73 billion, a PE ratio of 24.60 and a beta of 1.26. Nordson Co. has a 12 month low of $78.16 and a 12 month high of $131.49.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Nordson had a net margin of 15.03% and a return on equity of 35.20%. The business had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. During the same period last year, the business earned $1.23 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Nordson Co. will post $5.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 25th. Nordson’s dividend payout ratio is currently 22.88%.
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Several research analysts have recently issued reports on the stock. Wellington Shields upgraded shares of Nordson from a “hold” rating to a “gradually accumulate” rating in a research note on Friday. Wells Fargo & Co reiterated a “market perform” rating and issued a $130.00 target price (up previously from $122.00) on shares of Nordson in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $114.09.
In other news, insider John J. Keane sold 23,600 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $123.88, for a total value of $2,923,568.00. Following the sale, the insider now directly owns 81,086 shares in the company, valued at approximately $10,044,933.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is currently owned by company insiders.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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