Nordson Corporation (NDSN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its position in Nordson Corporation (NASDAQ:NDSN) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,084 shares of the industrial products company’s stock after acquiring an additional 200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nordson Corporation were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Architects Inc increased its holdings in shares of Nordson Corporation by 12.1% in the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 100 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Nordson Corporation by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 21 shares during the last quarter. Opus Capital Group LLC bought a new stake in shares of Nordson Corporation in the 2nd quarter valued at approximately $208,000. Summit Securities Group LLC bought a new stake in shares of Nordson Corporation in the 2nd quarter valued at approximately $240,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Nordson Corporation by 5.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,031 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.
NDSN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company restated a “market perform” rating and set a $130.00 price objective (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. BidaskClub upgraded Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $138.00.
Nordson Corporation (NDSN) opened at 112.89 on Friday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 22.45 and a beta of 1.35. The company’s 50-day moving average price is $118.86 and its 200-day moving average price is $121.68. Nordson Corporation has a 52-week low of $95.35 and a 52-week high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. During the same period in the prior year, the firm posted $1.67 EPS. Nordson Corporation’s quarterly revenue was up 20.3% compared to the same quarter last year. Analysts predict that Nordson Corporation will post $5.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 18th. This is a positive change from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. Nordson Corporation’s dividend payout ratio is 23.90%.
Nordson Corporation 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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