Catalyst Capital Advisors LLC Maintains Position in Nordson Corporation (NASDAQ:NDSN)
Catalyst Capital Advisors LLC maintained its stake in Nordson Corporation (NASDAQ:NDSN) during the second quarter, Holdings Channel reports. The firm owned 20,000 shares of the industrial products company’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Nordson Corporation were worth $2,426,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in NDSN. FMR LLC acquired a new stake in Nordson Corporation during the first quarter valued at approximately $44,110,000. Sei Investments Co. boosted its stake in Nordson Corporation by 5.9% in the first quarter. Sei Investments Co. now owns 25,162 shares of the industrial products company’s stock valued at $3,091,000 after buying an additional 1,407 shares in the last quarter. Motley Fool Wealth Management LLC acquired a new stake in Nordson Corporation during the first quarter valued at approximately $252,000. Vanguard Group Inc. boosted its stake in Nordson Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,396,104 shares of the industrial products company’s stock valued at $540,018,000 after buying an additional 251,861 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Nordson Corporation by 6.4% in the first quarter. Bank of Montreal Can now owns 12,633 shares of the industrial products company’s stock valued at $1,553,000 after buying an additional 765 shares in the last quarter. 65.92% of the stock is owned by institutional investors and hedge funds.
Nordson Corporation (NDSN) opened at 127.68 on Friday. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 26.91 and a beta of 1.35. The stock has a 50 day moving average price of $123.96 and a 200-day moving average price of $121.99. Nordson Corporation has a 12-month low of $89.87 and a 12-month high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last posted its earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The firm had revenue of $496.14 million for the quarter, compared to the consensus estimate of $470.12 million. During the same quarter in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Nordson Corporation will post $5.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.30 per share. This is an increase from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.94%. Nordson Corporation’s dividend payout ratio is 22.78%.
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Several equities research analysts recently commented on NDSN shares. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 15th. FBR & Co reaffirmed an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. BidaskClub raised Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Nordson Corporation currently has a consensus rating of “Buy” and an average target price of $115.50.
Nordson Corporation Company Profile
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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