JPMorgan Chase & Co. boosted its stake in Nordson Co. (NASDAQ:NDSN) by 39.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,758 shares of the industrial products company’s stock after purchasing an additional 15,893 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Nordson worth $6,633,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NDSN. Janus Henderson Group PLC bought a new position in Nordson in the 2nd quarter worth about $158,781,000. Atlanta Capital Management Co. L L C grew its stake in Nordson by 91.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after acquiring an additional 848,006 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Nordson in the 2nd quarter worth about $75,388,000. Koch Industries Inc. bought a new position in Nordson in the 2nd quarter worth about $425,000. Finally, Principal Financial Group Inc. grew its stake in Nordson by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock worth $93,786,000 after acquiring an additional 374,363 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.
Shares of Nordson Co. (NASDAQ NDSN) opened at $148.46 on Friday. The stock has a market cap of $8,570.00, a PE ratio of 29.51, a PEG ratio of 1.62 and a beta of 1.39. Nordson Co. has a 52-week low of $107.16 and a 52-week high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.05. Nordson had a net margin of 13.91% and a return on equity of 28.59%. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same period in the previous year, the business posted $1.39 earnings per share. Nordson’s quarterly revenue was up 12.8% on a year-over-year basis. sell-side analysts forecast that Nordson Co. will post 6.24 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is 23.86%.
In other Nordson news, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total transaction of $226,650.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelly Peet sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $148.90, for a total transaction of $2,233,500.00. Following the transaction, the vice president now owns 29,170 shares of the company’s stock, valued at approximately $4,343,413. The disclosure for this sale can be found here. Insiders sold a total of 78,797 shares of company stock worth $11,760,192 over the last three months. Insiders own 2.15% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. Longbow Research raised shares of Nordson from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, September 20th. KeyCorp reissued a “buy” rating and set a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. Oppenheimer reissued a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Finally, SunTrust Banks raised their price target on shares of Nordson to $166.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $147.40.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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