Mutual of America Capital Management LLC Decreases Holdings in Nordson Co. (NASDAQ:NDSN)

Mutual of America Capital Management LLC decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,117 shares of the industrial products company’s stock after selling 171 shares during the period. Mutual of America Capital Management LLC’s holdings in Nordson were worth $1,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDSN. Norges Bank purchased a new stake in Nordson during the fourth quarter valued at approximately $158,948,000. Public Employees Retirement Association of Colorado lifted its position in Nordson by 1,579.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock valued at $91,762,000 after acquiring an additional 326,690 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Nordson by 24,445.4% in the fourth 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 last quarter. Confluence Investment Management LLC purchased a new position in shares of Nordson in the first quarter worth $42,894,000. Finally, TD Asset Management Inc raised its holdings in shares of Nordson by 158.5% in the fourth quarter. TD Asset Management Inc now owns 245,196 shares of the industrial products company’s stock worth $64,771,000 after buying an additional 150,341 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of research reports. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Robert W. Baird cut their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Finally, DA Davidson cut their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average target price of $279.40.

Nordson Stock Up 0.8 %

NDSN stock opened at $237.15 on Friday. The firm has a market cap of $13.58 billion, a PE ratio of 28.27, a P/E/G ratio of 1.92 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The firm’s fifty day moving average is $240.40 and its 200 day moving average is $254.42. 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 Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. The company 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 firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.26 earnings per share. On average, research analysts forecast that Nordson Co. will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were given a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.15%. Nordson’s dividend payout ratio (DPR) is 32.42%.

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.