Alliancebernstein L.P. raised its position in shares of Nordson Corporation (NASDAQ:NDSN) by 1.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 993,628 shares of the industrial products company’s stock after buying an additional 12,809 shares during the period. Alliancebernstein L.P. owned 1.73% of Nordson Corporation worth $122,057,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of Nordson Corporation during the fourth quarter worth about $111,000. TrimTabs Asset Management LLC purchased a new position in shares of Nordson Corporation during the first quarter worth $126,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Nordson Corporation by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock worth $164,000 after buying an additional 435 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its position in shares of Nordson Corporation by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the industrial products company’s stock worth $179,000 after buying an additional 200 shares in the last quarter. 66.39% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Nordson Corporation (NASDAQ:NDSN)

Shares of Nordson Corporation (NASDAQ:NDSN) traded down 0.01% during midday trading on Friday, hitting $117.71. 667,159 shares of the company were exchanged. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 24.81 and a beta of 1.28. The firm’s 50 day moving average price is $122.76 and its 200 day moving average price is $118.68. Nordson Corporation has a one year low of $78.16 and a one year high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The business had revenue of $496.14 million for the quarter, compared to analyst estimates of $470.12 million. During the same period in the prior year, the firm earned $1.23 earnings per share. Nordson Corporation’s revenue was up 13.4% on a year-over-year basis. Analysts forecast that Nordson Corporation will post $5.40 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, May 25th. This represents a $1.08 annualized dividend and a yield of 0.92%. Nordson Corporation’s payout ratio is 22.78%.

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A number of equities analysts have recently weighed in on NDSN shares. Barrington Research lifted their price target on shares of Nordson Corporation from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Nordson Corporation in a research report on Tuesday, February 28th. Finally, Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $115.50.

About Nordson Corporation

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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