Amundi Increases Position in Nordson Co. (NASDAQ:NDSN)

Amundi lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,322 shares of the industrial products company's stock after acquiring an additional 1,933 shares during the period. Amundi owned 0.07% of Nordson worth $8,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NDSN. Nomura Asset Management Co. Ltd. raised its stake in Nordson by 13.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock worth $45,533,000 after purchasing an additional 20,217 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after buying an additional 48,720 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Nordson by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after acquiring an additional 61,430 shares during the last quarter. Holocene Advisors LP grew its position in Nordson by 113.8% in the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock worth $7,661,000 after acquiring an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its stake in Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company's stock worth $4,117,000 after acquiring an additional 5,046 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NDSN. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. DA Davidson lowered their price objective on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $256.20.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $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 accessible through this link. 0.80% of the stock is owned by insiders.

Nordson Stock Down 1.0 %

Shares of Nordson stock traded down $2.15 during trading hours on Tuesday, reaching $208.53. 251,764 shares of the company were exchanged, compared to its average volume of 267,351. The firm has a market cap of $11.87 billion, a PE ratio of 26.53, a PEG ratio of 1.65 and a beta of 0.92. The stock's fifty day moving average is $213.21 and its 200 day moving average is $234.90. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. As a group, equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. Nordson's payout ratio is currently 39.69%.

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.