Nordson Co. (NASDAQ:NDSN) Stock Holdings Lifted by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,113 shares of the industrial products company's stock after purchasing an additional 1,763 shares during the period. Bank of Montreal Can owned 0.10% of Nordson worth $11,741,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 52 shares during the period. Tortoise Investment Management LLC increased its stake 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 valued at $57,000 after purchasing an additional 115 shares during the period. Brooklyn Investment Group boosted its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Nordson in the 4th quarter valued at approximately $98,000. Finally, Brown Brothers Harriman & Co. boosted its position in Nordson by 166.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock worth $100,000 after acquiring an additional 300 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Up 0.1 %

NDSN stock traded up $0.12 during mid-day trading on Friday, reaching $180.81. 404,281 shares of the stock traded hands, compared to its average volume of 298,063. The stock's fifty day moving average is $202.08 and its 200-day moving average is $224.64. The company has a market cap of $10.29 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.65 and a beta of 0.96. 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 $165.03 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its 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 firm 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%. As a group, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's payout ratio is presently 39.69%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a research report on Monday, February 24th. KeyCorp dropped their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.