Bridgewater Associates LP cut its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 53.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644 shares of the industrial products company’s stock after selling 3,036 shares during the period. Bridgewater Associates LP’s holdings in Nordson were worth $340,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Nordson by 2.3% during the second quarter. BlackRock Inc. now owns 4,518,527 shares of the industrial products company’s stock worth $580,225,000 after acquiring an additional 102,044 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 64.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,220,240 shares of the industrial products company’s stock worth $541,921,000 after acquiring an additional 1,646,436 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of 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 worth $143,280,000 after acquiring an additional 80,587 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Nordson by 4.4% during the second quarter. Janus Henderson Group PLC now owns 1,021,793 shares of the industrial products company’s stock worth $131,208,000 after acquiring an additional 43,471 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Nordson by 34.9% during the first quarter. JPMorgan Chase & Co. now owns 840,589 shares of the industrial products company’s stock worth $114,605,000 after acquiring an additional 217,539 shares in the last quarter. 68.88% of the stock is owned by institutional investors.

Shares of NDSN stock opened at $141.81 on Wednesday. Nordson Co. has a 52-week low of $111.35 and a 52-week high of $151.84. The company has a quick ratio of 2.36, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.82 and a beta of 1.25.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, August 20th. The industrial products company reported $1.60 earnings per share (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 the consensus estimate of $590.75 million. During the same period in the prior year, the firm posted $1.74 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. equities analysts expect that Nordson Co. will post 5.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.99%. This is an increase from Nordson’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, August 20th. Nordson’s dividend payout ratio is presently 78.21%.

Several equities research analysts have recently commented on NDSN shares. Zacks Investment Research raised shares of Nordson from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Wednesday, May 16th. Seaport Global Securities downgraded shares of Nordson from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 22nd. Wells Fargo & Co set a $135.00 target price on shares of Nordson and gave the stock a “hold” rating in a research report on Wednesday, May 23rd. B. Riley decreased their target price on shares of Nordson from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, May 23rd. Finally, Wellington Shields downgraded shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $154.50.

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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