Czech National Bank Buys 61 Shares of Nordson Co. (NASDAQ:NDSN)

Czech National Bank grew its stake in Nordson Co. (NASDAQ:NDSN) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,547 shares of the industrial products company’s stock after acquiring an additional 61 shares during the period. Czech National Bank’s holdings in Nordson were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NDSN. Norges Bank acquired a new stake in shares of Nordson during the 4th quarter worth approximately $158,948,000. Public Employees Retirement Association of Colorado grew its position in shares of Nordson by 1,579.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock worth $91,762,000 after buying an additional 326,690 shares during the period. Lazard Asset Management LLC grew its position in shares of Nordson by 53.4% during the 3rd quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock worth $176,534,000 after buying an additional 275,240 shares during the period. International Assets Investment Management LLC grew its position in shares of Nordson by 24,445.4% during the 4th quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock worth $41,951,000 after buying an additional 158,162 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of Nordson during the 1st quarter worth approximately $42,894,000. 72.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NDSN shares. DA Davidson decreased their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. KeyCorp restated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Finally, Robert W. Baird decreased their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average target price of $279.40.

Nordson Stock Performance

NASDAQ NDSN opened at $231.32 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $249.87 and its two-hundred day moving average price is $256.56. Nordson Co. has a 1 year low of $208.91 and a 1 year high of $279.38. The firm has a market capitalization of $13.25 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 1.87 and a beta of 0.93.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.04. The firm had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 earnings per share. As a group, research analysts anticipate that Nordson Co. will post 9.52 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is presently 32.42%.

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 worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.