Distillate Capital Partners LLC Buys Shares of 73,880 Nordson Co. (NASDAQ:NDSN)

Distillate Capital Partners LLC bought a new position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,880 shares of the industrial products company's stock, valued at approximately $15,404,000. Distillate Capital Partners LLC owned approximately 0.13% of Nordson as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NDSN. New York Life Investment Management LLC increased its stake in Nordson by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after purchasing an additional 49 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in Nordson by 1.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock worth $884,000 after purchasing an additional 58 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Nordson by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after purchasing an additional 66 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

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Nordson Stock Performance

Shares of NDSN stock traded down $1.36 during trading hours on Tuesday, hitting $183.09. 272,338 shares of the company were exchanged, compared to its average volume of 296,562. Nordson Co. has a 52-week low of $165.03 and a 52-week high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $203.47 and a 200 day simple moving average of $225.51. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.70%. Nordson's dividend payout ratio is 39.69%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp decreased their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Finally, Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and lifted their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $250.20.

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.