American Century Companies Inc. reduced its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,800 shares of the industrial products company's stock after selling 145,593 shares during the quarter. American Century Companies Inc. owned about 0.56% of Nordson worth $66,496,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of NDSN. UMB Bank n.a. lifted its stake in 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 purchasing an additional 52 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Nordson by 73.7% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after buying an additional 115 shares in the last quarter. Brooklyn Investment Group boosted its stake in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after buying an additional 278 shares during the period. Quarry LP purchased a new position in Nordson during the third quarter worth about $109,000. Finally, Generali Asset Management SPA SGR bought a new position in Nordson in the 4th quarter worth about $98,000. Hedge funds and other institutional investors own 72.11% of the company's stock.
Nordson Trading Down 2.9 %
Shares of NDSN traded down $6.09 during mid-day trading on Friday, reaching $200.46. The company's stock had a trading volume of 300,382 shares, compared to its average volume of 280,954. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company's fifty day moving average price is $213.03 and its two-hundred day moving average price is $232.23. The stock has a market cap of $11.41 billion, a PE ratio of 25.50, a P/E/G ratio of 1.65 and a beta of 0.92.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (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 analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.
Nordson Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.56%. Nordson's payout ratio is currently 39.69%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NDSN. Robert W. Baird reiterated a "neutral" rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. DA Davidson cut their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and increased their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nordson has an average rating of "Moderate Buy" and a consensus target price of $256.20.
View Our Latest Stock Analysis on NDSN
Insider Activity
In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company's stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company's stock.
About Nordson
(
Free Report)
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.
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