Emerald Acquisition Ltd. bought a new stake in shares of Nordson Corp. (NASDAQ:NDSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,861 shares of the company’s stock, valued at approximately $2,497,000. Emerald Acquisition Ltd. owned approximately 0.05% of Nordson Corp. as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of Nordson Corp. by 21.9% in the first quarter. Lazard Asset Management LLC now owns 147,251 shares of the company’s stock valued at $11,196,000 after buying an additional 26,500 shares in the last quarter. Zebra Capital Management LLC raised its position in shares of Nordson Corp. by 30.5% in the first quarter. Zebra Capital Management LLC now owns 17,894 shares of the company’s stock worth $1,361,000 after buying an additional 4,179 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Nordson Corp. during the first quarter worth $973,000. M&T Bank Corp raised its position in shares of Nordson Corp. by 44.4% in the first quarter. M&T Bank Corp now owns 7,063 shares of the company’s stock worth $537,000 after buying an additional 2,173 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Nordson Corp. during the first quarter worth $21,504,000. 64.61% of the stock is currently owned by institutional investors.
Shares of Nordson Corp. (NASDAQ:NDSN) traded up 1.13% during trading on Tuesday, reaching $99.05. The company’s stock had a trading volume of 147,837 shares. The firm has a market capitalization of $5.66 billion, a P/E ratio of 23.35 and a beta of 1.34. The company has a 50 day moving average price of $96.20 and a 200 day moving average price of $85.23. Nordson Corp. has a 52 week low of $51.89 and a 52 week high of $102.20.
Nordson Corp. (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. The company earned $489.89 million during the quarter. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. On average, equities research analysts expect that Nordson Corp. will post $4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. This is an increase from Nordson Corp.’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 19th. Nordson Corp.’s payout ratio is 25.41%.
NDSN has been the topic of a number of research reports. Barrington Research increased their price objective on Nordson Corp. from $102.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 23rd. Robert W. Baird cut their price objective on Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday, August 24th. RBC Capital Markets reissued a “sector perform” rating and issued a $106.00 price objective (up from $98.00) on shares of Nordson Corp. in a report on Thursday, August 25th. Wunderlich increased their price objective on Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Finally, Zacks Investment Research raised Nordson Corp. from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective on the stock in a report on Saturday, August 27th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $103.90.
In other news, insider Gregory P. Merk sold 19,800 shares of Nordson Corp. stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $100.24, for a total transaction of $1,984,752.00. Following the sale, the insider now owns 59,715 shares in the company, valued at $5,985,831.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas C. Bloomfield sold 3,532 shares of Nordson Corp. stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $99.00, for a total value of $349,668.00. The disclosure for this sale can be found here. Company insiders own 2.16% of the company’s stock.
Nordson Corp. Company Profile
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