Geode Capital Management LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,455,956 shares of the industrial products company's stock after purchasing an additional 12,590 shares during the period. Geode Capital Management LLC owned approximately 2.55% of Nordson worth $303,918,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after acquiring an additional 115 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after purchasing 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. raised its position in Nordson by 166.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on NDSN. Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. BNP Paribas downgraded 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. Loop Capital raised shares of 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 research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.20.
View Our Latest Stock Analysis on NDSN
Nordson Stock Performance
Shares of NASDAQ NDSN traded down $8.72 during mid-day trading on Thursday, hitting $178.57. 123,686 shares of the company were exchanged, compared to its average volume of 291,325. 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 has a market cap of $10.16 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The stock has a 50 day simple moving average of $206.08 and a 200-day simple moving average of $227.61. Nordson Co. has a 1-year low of $165.03 and a 1-year 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 (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 19.28% and a net margin of 16.93%. On average, sell-side analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.
Nordson Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, March 20th. Nordson's payout ratio is 39.69%.
About Nordson
(
Free Report)
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.
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