Brown Advisory Inc. raised its stake in shares of Nordson Co. (NASDAQ:NDSN) by 21.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 242,872 shares of the industrial products company’s stock after acquiring an additional 43,199 shares during the period. Brown Advisory Inc. owned approximately 0.42% of Nordson worth $33,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Nordson by 2.4% during the 1st quarter. BlackRock Inc. now owns 4,416,483 shares of the industrial products company’s stock valued at $602,143,000 after acquiring an additional 105,461 shares during the period. Wells Fargo & Company MN lifted its stake in Nordson by 8.3% during the 1st 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 during the period. JPMorgan Chase & Co. lifted its stake in shares of Nordson by 34.9% in the 1st quarter. JPMorgan Chase & Co. now owns 840,589 shares of the industrial products company’s stock worth $114,605,000 after purchasing an additional 217,539 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Nordson by 5.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 472,740 shares of the industrial products company’s stock worth $64,453,000 after purchasing an additional 26,106 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Nordson by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 453,297 shares of the industrial products company’s stock worth $66,362,000 after purchasing an additional 8,332 shares during the period. Institutional investors and hedge funds own 66.24% of the company’s stock.

NDSN has been the topic of several recent research reports. B. Riley lowered their price objective on shares of Nordson from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, May 23rd. BidaskClub upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, May 16th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $157.00 price objective on shares of Nordson in a research note on Wednesday, April 4th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $153.60.

Nordson opened at $128.41 on Friday, according to Marketbeat Ratings. Nordson Co. has a 12 month low of $107.16 and a 12 month high of $151.84. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.63 and a beta of 1.27. The company has a current ratio of 1.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.

Nordson (NASDAQ:NDSN) last released its earnings results on Monday, May 21st. The industrial products company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The company had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $551.98 million. During the same quarter last year, the business earned $1.35 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. analysts expect that Nordson Co. will post 6.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, May 25th. Nordson’s payout ratio is 22.35%.

Nordson 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.

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.