Nordson Corporation (NASDAQ:NDSN) Position Held by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado continued to hold its stake in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,845 shares of the industrial products company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned approximately 0.27% of Nordson Corporation worth $18,786,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NDSN. Toronto Dominion Bank increased its stake in shares of Nordson Corporation by 1.1% in the first quarter. Toronto Dominion Bank now owns 3,488 shares of the industrial products company’s stock worth $429,000 after buying an additional 38 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Nordson Corporation by 0.6% in the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock worth $799,000 after buying an additional 40 shares in the last quarter. Albert D Mason Inc. increased its stake in shares of Nordson Corporation by 0.9% in the first quarter. Albert D Mason Inc. now owns 6,498 shares of the industrial products company’s stock worth $798,000 after buying an additional 60 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Nordson Corporation by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 22,225 shares of the industrial products company’s stock worth $2,730,000 after buying an additional 85 shares in the last quarter. Finally, Financial Architects Inc increased its stake in shares of Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.43% of the company’s stock.

Nordson Corporation (NASDAQ:NDSN) opened at 124.13 on Friday. The stock has a market capitalization of $7.15 billion, a PE ratio of 26.17 and a beta of 1.35. Nordson Corporation has a 1-year low of $90.14 and a 1-year high of $131.49. The company’s 50 day moving average is $124.86 and its 200-day moving average is $122.43.

Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $496.14 million during the quarter, compared to analysts’ expectations of $470.12 million. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. Analysts forecast that Nordson Corporation will post $5.40 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given 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 yield of 0.97%. The ex-dividend date is Friday, August 18th. Nordson Corporation’s dividend payout ratio (DPR) is presently 22.78%.

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NDSN has been the topic of a number of research reports. FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a report on Tuesday, July 11th. BidaskClub upgraded shares of Nordson Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Nordson Corporation from a “buy” rating to a “hold” rating in a report on Saturday, April 22nd. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $130.00 target price (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Nordson Corporation has an average rating of “Buy” and a consensus target price 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.

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

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