Nordson Co. (NASDAQ:NDSN) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 60.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,076 shares of the industrial products company’s stock after purchasing an additional 779 shares during the period. iA Global Asset Management Inc.’s holdings in Nordson were worth $570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NDSN. Tidal Investments LLC raised its holdings in shares of Nordson by 3.4% during the first quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock valued at $1,506,000 after acquiring an additional 182 shares during the period. California State Teachers Retirement System raised its holdings in shares of Nordson by 4.3% during the first quarter. California State Teachers Retirement System now owns 85,652 shares of the industrial products company’s stock valued at $23,515,000 after acquiring an additional 3,510 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nordson during the first quarter valued at approximately $400,000. Kennedy Capital Management LLC raised its holdings in shares of Nordson by 10.6% during the first quarter. Kennedy Capital Management LLC now owns 62,347 shares of the industrial products company’s stock valued at $17,117,000 after acquiring an additional 5,977 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after acquiring an additional 174,330 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Down 2.8 %

Shares of NDSN traded down $6.99 during mid-day trading on Thursday, hitting $243.34. 319,264 shares of the company’s stock were exchanged, compared to its average volume of 236,364. The firm has a fifty day moving average of $233.58 and a two-hundred day moving average of $253.18. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 2.01 and a beta of 0.91. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results 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. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. During the same quarter in the prior year, the business posted $2.26 EPS. Nordson’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio is currently 32.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NDSN shares. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Robert W. Baird dropped their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, DA Davidson dropped their price objective 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.