Catalyst Capital Advisors LLC Has $2,457,000 Stake in Nordson Corporation (NDSN)
Catalyst Capital Advisors LLC maintained its stake in Nordson Corporation (NASDAQ:NDSN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,000 shares of the industrial products company’s stock at the end of the first quarter. Catalyst Capital Advisors LLC’s holdings in Nordson Corporation were worth $2,457,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of NDSN. Essex Financial Services Inc. boosted its position in Nordson Corporation by 125.0% in the first quarter. Essex Financial Services Inc. now owns 5,400 shares of the industrial products company’s stock worth $663,000 after buying an additional 3,000 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in Nordson Corporation during the first quarter worth about $126,000. Mutual of America Capital Management LLC boosted its position in Nordson Corporation by 2.8% in the first quarter. Mutual of America Capital Management LLC now owns 42,311 shares of the industrial products company’s stock worth $5,197,000 after buying an additional 1,166 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Nordson Corporation by 10.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 396,959 shares of the industrial products company’s stock worth $48,762,000 after buying an additional 36,445 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its position in Nordson Corporation by 60.3% in the first quarter. CIBC World Markets Inc. now owns 6,487 shares of the industrial products company’s stock worth $797,000 after buying an additional 2,441 shares in the last quarter. 66.39% of the stock is owned by institutional investors.
Nordson Corporation (NASDAQ NDSN) opened at 117.71 on Monday. Nordson Corporation has a one year low of $78.16 and a one year high of $131.49. The company’s 50 day moving average is $122.76 and its 200 day moving average is $118.68. The stock has a market cap of $6.78 billion, a PE ratio of 24.81 and a beta of 1.28.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. Nordson Corporation’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. On average, equities research analysts expect that Nordson Corporation will post $5.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, May 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. Nordson Corporation’s payout ratio is currently 22.78%.
NDSN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Wednesday, April 19th. Wellington Shields raised shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Nordson Corporation in a report on Tuesday, February 28th. Barrington Research raised their target price on shares of Nordson Corporation from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Nordson Corporation currently has a consensus rating of “Hold” and a consensus 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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