AlphaQuest LLC Purchases New Shares in Nordson Co. (NASDAQ:NDSN)

AlphaQuest LLC purchased a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,710 shares of the industrial products company's stock, valued at approximately $1,195,000.

Several other large investors have also recently made changes to their positions in NDSN. Amundi grew its position in shares of Nordson by 4.8% in the 4th quarter. Amundi now owns 42,322 shares of the industrial products company's stock worth $8,553,000 after buying an additional 1,933 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Nordson by 5.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,794 shares of the industrial products company's stock valued at $2,677,000 after acquiring an additional 610 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nordson in the fourth quarter valued at approximately $74,005,000. Arizona State Retirement System grew its holdings in Nordson by 1.1% in the fourth quarter. Arizona State Retirement System now owns 15,759 shares of the industrial products company's stock worth $3,297,000 after purchasing an additional 172 shares during the last quarter. Finally, Sound Financial Strategies Group LLC increased its position in shares of Nordson by 18.2% during the fourth quarter. Sound Financial Strategies Group LLC now owns 3,356 shares of the industrial products company's stock worth $702,000 after purchasing an additional 517 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of Nordson stock traded down $1.26 on Wednesday, reaching $204.75. 325,300 shares of the stock were exchanged, compared to its average volume of 353,804. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The business has a 50 day moving average price of $213.20 and a two-hundred day moving average price of $236.09. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.65 and a beta of 0.92.

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Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, March 20th. Nordson's dividend payout ratio is currently 39.69%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several research analyst reports. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and increased their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.20.

Nordson 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.