Invesco Ltd. lessened its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 900,712 shares of the industrial products company's stock after selling 57,780 shares during the quarter. Invesco Ltd. owned approximately 1.58% of Nordson worth $188,465,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Nordson by 3.2% during the fourth quarter. Bank of Montreal Can now owns 56,113 shares of the industrial products company's stock valued at $11,741,000 after buying an additional 1,763 shares in the last quarter. FMR LLC boosted its position in 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 during the period. Russell Investments Group Ltd. grew its stake in Nordson by 1.6% during the 4th quarter. Russell Investments Group Ltd. now owns 67,635 shares of the industrial products company's stock valued at $14,152,000 after acquiring an additional 1,038 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Nordson in the 4th quarter valued at about $4,556,000. Finally, Westpac Banking Corp lifted its position in shares of Nordson by 22.8% in the fourth quarter. Westpac Banking Corp now owns 527 shares of the industrial products company's stock worth $110,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. KeyCorp cut their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.
Check Out Our Latest Stock Report on Nordson
Nordson Stock Down 1.3 %
NASDAQ NDSN traded down $2.40 during trading on Wednesday, hitting $180.69. 249,378 shares of the company traded hands, compared to its average volume of 296,377. Nordson Co. has a 12 month low of $165.03 and a 12 month high of $279.38. The business has a fifty day simple moving average of $203.47 and a 200 day simple moving average of $225.51. The company has a market capitalization of $10.28 billion, a P/E ratio of 22.99, a PEG 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 (NASDAQ:NDSN - Get Free Report) last posted its 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. As a group, sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current year.
Nordson Announces Dividend
The firm 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. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.73%. Nordson's dividend payout ratio is presently 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.
Further Reading
Before you consider Nordson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordson wasn't on the list.
While Nordson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
