Comerica Bank raised its holdings in shares of Nordson Co. (NASDAQ:NDSN – Get Rating) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,059 shares of the industrial products company’s stock after acquiring an additional 205 shares during the quarter. Comerica Bank’s holdings in Nordson were worth $1,764,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in NDSN. D.A. Davidson & CO. grew its position in Nordson by 18.4% in the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 147 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Nordson by 461.0% in the 1st quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 4,352 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Nordson by 7.5% in the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 150 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Nordson in the 1st quarter valued at about $219,000. Finally, Sei Investments Co. grew its holdings in shares of Nordson by 2.1% in the 1st quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock valued at $10,615,000 after acquiring an additional 970 shares in the last quarter. 70.40% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NDSN has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Nordson from $310.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. DA Davidson decreased their target price on shares of Nordson to $265.00 in a research note on Thursday, October 27th. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, Robert W. Baird decreased their price objective on shares of Nordson from $264.00 to $259.00 and set an “outperform” rating for the company in a research report on Friday, December 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $258.80.
Insiders Place Their Bets
Nordson Stock Performance
Shares of NASDAQ NDSN opened at $233.82 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.16. Nordson Co. has a 12 month low of $194.89 and a 12 month high of $247.08. The stock has a 50 day moving average of $236.42 and a 200-day moving average of $227.74. The company has a market capitalization of $13.36 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.98 and a beta of 0.90.
Nordson Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 20th were given a dividend of $0.65 per share. The ex-dividend date was Monday, December 19th. This represents a $2.60 dividend on an annualized basis and a yield of 1.11%. Nordson’s dividend payout ratio (DPR) is 29.48%.
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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).
- Get a free copy of the StockNews.com research report on Nordson (NDSN)
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