DekaBank Deutsche Girozentrale Has $14.76 Million Stake in Nordson Co. (NASDAQ:NDSN)

DekaBank Deutsche Girozentrale increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,237 shares of the industrial products company’s stock after buying an additional 567 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nordson were worth $14,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Nordson during the fourth quarter worth $158,948,000. Public Employees Retirement Association of Colorado increased its holdings in Nordson by 1,579.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock worth $91,762,000 after purchasing an additional 326,690 shares in the last quarter. Swedbank AB bought a new position in Nordson in the first quarter valued at about $48,044,000. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 174,330 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Nordson by 24,445.4% in the 4th quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock valued at $41,951,000 after buying an additional 158,162 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 0.8 %

NASDAQ NDSN traded down $1.96 during mid-day trading on Friday, reaching $241.38. 305,302 shares of the stock were exchanged, compared to its average volume of 253,803. The stock has a market cap of $13.82 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.97 and a beta of 0.91. 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 one year low of $208.91 and a one year high of $279.38. The stock has a 50 day simple moving average of $233.76 and a 200-day simple moving average of $253.04.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted $2.26 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Nordson Co. will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Nordson’s dividend payout ratio is currently 32.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson decreased their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Robert W. Baird cut their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nordson currently 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.