Crossmark Global Holdings Inc. Raises Position in Nordson Co. (NASDAQ:NDSN)

Crossmark Global Holdings Inc. raised its holdings in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,508 shares of the industrial products company’s stock after buying an additional 67 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Nordson were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tobam grew its holdings in shares of Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Nordson in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC bought a new stake in Nordson during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new position in Nordson in the 4th quarter worth approximately $28,000. Finally, Quent Capital LLC increased its holdings in shares of 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 buying an additional 48 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Down 0.4 %

Shares of NDSN stock opened at $225.28 on Tuesday. The business has a 50-day moving average of $257.90 and a 200 day moving average of $257.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.38. Nordson Co. has a 1-year low of $208.91 and a 1-year high of $279.38. The stock has a market capitalization of $12.90 billion, a PE ratio of 26.85, a P/E/G ratio of 1.83 and a beta of 0.94.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The firm had revenue of $650.64 million during the quarter, compared to analyst estimates of $661.06 million. During the same quarter in the prior year, the firm posted $2.26 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NDSN. Wells Fargo & Company upped their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird cut their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Finally, DA Davidson decreased their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average price target of $277.83.

View Our Latest Stock Report on Nordson

About Nordson

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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