Pictet Asset Management Ltd. continued to hold its position in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,225 shares of the industrial products company’s stock at the end of the second quarter. Pictet Asset Management Ltd.’s holdings in Nordson Corporation were worth $2,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Nordson Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,396,104 shares of the industrial products company’s stock valued at $540,018,000 after buying an additional 251,861 shares during the period. BlackRock Inc. increased its position in shares of Nordson Corporation by 6,982.3% in the first quarter. BlackRock Inc. now owns 4,380,454 shares of the industrial products company’s stock valued at $538,093,000 after buying an additional 4,318,603 shares during the period. Alliancebernstein L.P. increased its position in shares of Nordson Corporation by 1.3% in the first quarter. Alliancebernstein L.P. now owns 993,628 shares of the industrial products company’s stock valued at $122,057,000 after buying an additional 12,809 shares during the period. Geode Capital Management LLC increased its position in shares of Nordson Corporation by 10.5% in the first quarter. Geode Capital Management LLC now owns 432,416 shares of the industrial products company’s stock valued at $53,117,000 after buying an additional 40,988 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of 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 valued at $48,762,000 after buying an additional 36,445 shares during the period. Institutional investors and hedge funds own 66.43% of the company’s stock.

Nordson Corporation (NDSN) opened at 124.13 on Monday. The firm’s 50-day moving average is $124.86 and its 200-day moving average is $122.43. The firm has a market capitalization of $7.15 billion, a P/E ratio of 26.17 and a beta of 1.35. Nordson Corporation has a 52-week low of $90.14 and a 52-week high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The company had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. On average, equities analysts expect that Nordson Corporation will post $5.40 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.30 per share. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, August 18th. Nordson Corporation’s payout ratio is 25.32%.

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NDSN has been the topic of several research reports. Zacks Investment Research upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research report on Wednesday, April 26th. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $130.00 price target (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $115.50.

Nordson Corporation Company Profile

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.

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

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