Nordson Co. (NASDAQ:NDSN) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,876 shares of the industrial products company's stock after buying an additional 6,018 shares during the quarter. Barclays PLC owned 0.18% of Nordson worth $21,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after purchasing an additional 93,146 shares during the period. Geode Capital Management LLC lifted its position in shares of Nordson by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock valued at $303,918,000 after acquiring an additional 12,590 shares during the period. FMR LLC boosted its stake in shares of Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after acquiring an additional 111,538 shares in the last quarter. Norges Bank acquired a new stake in shares of Nordson in the 4th quarter worth approximately $142,670,000. Finally, JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Trading Up 2.7 %

Shares of NDSN traded up $4.90 during mid-day trading on Thursday, hitting $189.63. The company had a trading volume of 240,007 shares, compared to its average volume of 300,676. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $279.38. The business's 50-day simple moving average is $199.30 and its 200-day simple moving average is $222.55. The stock has a market cap of $10.79 billion, a PE ratio of 24.13, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during 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%. Sell-side analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio is currently 39.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NDSN. BNP Paribas cut 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. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, KeyCorp dropped their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four investment 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.