Meadow Creek Investment Management LLC lowered its holdings in Nordson Co. (NASDAQ:NDSN) by 72.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,832 shares of the industrial products company’s stock after selling 17,948 shares during the period. Meadow Creek Investment Management LLC’s holdings in Nordson were worth $877,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NDSN. Wells Fargo & Company MN grew its stake in Nordson by 8.3% during the first quarter. Wells Fargo & Company MN now owns 1,050,902 shares of the industrial products company’s stock valued at $143,280,000 after acquiring an additional 80,587 shares in the last quarter. Atria Investments LLC purchased a new position in Nordson during the first quarter valued at approximately $278,000. American Century Companies Inc. purchased a new position in Nordson during the first quarter valued at approximately $52,629,000. Victory Capital Management Inc. grew its stake in Nordson by 10.6% during the first quarter. Victory Capital Management Inc. now owns 16,868 shares of the industrial products company’s stock valued at $2,300,000 after acquiring an additional 1,612 shares in the last quarter. Finally, Swiss National Bank grew its stake in Nordson by 2.1% during the first quarter. Swiss National Bank now owns 90,327 shares of the industrial products company’s stock valued at $12,315,000 after acquiring an additional 1,900 shares in the last quarter. 69.17% of the stock is currently owned by institutional investors.

NDSN stock opened at $142.92 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.36. Nordson Co. has a one year low of $107.75 and a one year high of $151.84. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 1.81 and a beta of 1.25.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, August 20th. The industrial products company reported $1.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.60. Nordson had a net margin of 16.40% and a return on equity of 26.37%. The business had revenue of $581.20 million during the quarter, compared to analysts’ expectations of $590.75 million. During the same quarter in the previous year, the company earned $1.74 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. equities research analysts forecast that Nordson Co. will post 5.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, August 20th. This is a boost from Nordson’s previous quarterly dividend of $0.30. Nordson’s payout ratio is currently 78.21%.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Nordson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Wellington Shields cut shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research note on Wednesday, May 23rd. BidaskClub raised shares of Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Seaport Global Securities cut shares of Nordson from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 22nd. Finally, DA Davidson set a $160.00 price objective on shares of Nordson and gave the company a “buy” rating in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Nordson has an average rating of “Hold” and a consensus price target of $155.11.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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