BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Position in Nordson Co. (NASDAQ:NDSN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in shares of Nordson Co. (NASDAQ:NDSN) by 26.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,241 shares of the industrial products company’s stock after selling 786 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Nordson were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Nordson by 0.4% in the fourth quarter. Advisory Services Network LLC now owns 10,674 shares of the industrial products company’s stock worth $2,820,000 after acquiring an additional 40 shares during the last quarter. Retirement Systems of Alabama boosted its position in Nordson by 0.3% during the first quarter. Retirement Systems of Alabama now owns 11,976 shares of the industrial products company’s stock worth $3,288,000 after acquiring an additional 40 shares during the last quarter. Everpar Advisors LLC grew its stake in Nordson by 2.1% during the 2nd quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 42 shares in the last quarter. Independent Advisor Alliance raised its holdings in Nordson by 2.3% in the 4th quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 45 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Nordson by 0.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,183 shares of the industrial products company’s stock worth $1,633,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Down 2.5 %

NDSN opened at $250.18 on Wednesday. The business’s 50 day moving average price is $240.07 and its 200 day moving average price is $251.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The stock has a market capitalization of $14.31 billion, a PE ratio of 29.82, a P/E/G ratio of 2.07 and a beta of 0.91. Nordson Co. has a one year low of $208.91 and a one year high of $279.38.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.08. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 EPS. As a group, equities research analysts expect that Nordson Co. will post 9.55 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, August 27th. This is a boost from Nordson’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.25%. Nordson’s dividend payout ratio (DPR) is currently 37.19%.

Analyst Ratings Changes

NDSN has been the subject of a number of analyst reports. DA Davidson dropped their price target on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Robert W. Baird upped their target price on Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $282.40.

About Nordson

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.