Cibc World Markets Corp Acquires 31,196 Shares of Nordson Co. (NASDAQ:NDSN)

Cibc World Markets Corp increased its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 422.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,575 shares of the industrial products company's stock after acquiring an additional 31,196 shares during the period. Cibc World Markets Corp owned about 0.07% of Nordson worth $8,071,000 as of its most recent SEC filing.

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

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Nordson Stock Down 0.9 %

Shares of NASDAQ:NDSN traded down $1.78 during trading on Friday, hitting $203.86. The stock had a trading volume of 533,775 shares, compared to its average volume of 269,732. The company has a market capitalization of $11.60 billion, a PE ratio of 25.94, a PEG ratio of 1.65 and a beta of 0.92. 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's fifty day moving average is $213.54 and its 200 day moving average is $233.82. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38.

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

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NDSN. 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 note on Friday, December 13th. Robert W. Baird reaffirmed 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. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a report on Monday, February 24th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and boosted their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.20.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction on 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 directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company's stock.

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.