Envestnet Asset Management Inc. Has $55.74 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Envestnet Asset Management Inc. lessened its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,406 shares of the industrial products company's stock after selling 13,846 shares during the period. Envestnet Asset Management Inc. owned approximately 0.47% of Nordson worth $55,743,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC increased its position in shares of Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its position in shares of Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock worth $692,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 58 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock valued at $312,000 after purchasing an additional 66 shares during the period. Institutional investors own 72.11% of the company's stock.

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Nordson Stock Down 0.0 %

NASDAQ:NDSN traded down $0.07 on Tuesday, hitting $184.39. 60,567 shares of the company's stock were exchanged, compared to its average volume of 295,117. The company has a market cap of $10.49 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The firm has a 50-day moving average price of $204.11 and a 200-day moving average price of $225.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. 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 posted 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). 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 the consensus estimate of $639.40 million. As a group, analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 20th. Nordson's payout ratio is presently 39.69%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. KeyCorp dropped their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. 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 company's stock. According to MarketBeat.com, the stock 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.