Christopher J. Hasenberg Inc Invests $58,000 in Nordson Co. (NASDAQ:NDSN)

Christopher J. Hasenberg Inc purchased a new stake in Nordson Co. (NASDAQ:NDSN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 212 shares of the industrial products company’s stock, valued at approximately $58,000.

A number of other large investors have also recently added to or reduced their stakes in NDSN. Tobam raised its stake in shares of Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Nordson during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in shares of Nordson in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in Nordson during the fourth quarter worth $28,000. Finally, Quent Capital LLC boosted its holdings in Nordson by 64.9% in the fourth 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 currently owned by institutional investors.

Nordson Price Performance

NASDAQ:NDSN traded down $5.22 during midday trading on Thursday, hitting $237.90. 261,773 shares of the stock were exchanged, compared to its average volume of 229,735. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a current ratio of 2.21, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51. Nordson Co. has a one year low of $208.91 and a one year high of $279.38. The business has a 50-day moving average price of $266.04 and a two-hundred day moving average price of $256.41.

Nordson (NASDAQ:NDSN) last released its earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The firm had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. Nordson had a return on equity of 20.20% and a net margin of 18.23%. Nordson’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 earnings per share. Sell-side analysts predict that Nordson Co. will post 9.55 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NDSN. DA Davidson decreased their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday. Robert W. Baird cut their price target on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company upped their price objective on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, StockNews.com raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $277.83.

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.