Capital Asset Advisory Services LLC Increases Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Capital Asset Advisory Services LLC increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,242 shares of the industrial products company’s stock after buying an additional 59 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Nordson were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Nordson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,069,686 shares of the industrial products company’s stock worth $1,603,368,000 after acquiring an additional 20,164 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Nordson by 9.2% in the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock valued at $310,534,000 after purchasing an additional 117,337 shares during the last quarter. Lazard Asset Management LLC grew its stake 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 valued at $176,534,000 after buying an additional 275,240 shares during the period. Norges Bank acquired a new stake in shares of Nordson during the 4th quarter worth $158,948,000. Finally, Wells Fargo & Company MN raised its position in shares of Nordson by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 484,863 shares of the industrial products company’s stock worth $128,081,000 after buying an additional 4,416 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Up 0.7 %

Shares of NASDAQ NDSN traded up $1.63 during trading on Friday, reaching $231.94. 444,745 shares of the stock were exchanged, compared to its average volume of 235,238. The business’s 50-day moving average price is $247.38 and its 200 day moving average price is $256.17. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51.

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

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NDSN shares. DA Davidson lowered 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 dropped their target price on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Finally, StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.40.

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.