Kennedy Capital Management LLC Has $2.90 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Kennedy Capital Management LLC grew its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 65.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,852 shares of the industrial products company's stock after buying an additional 5,475 shares during the period. Kennedy Capital Management LLC's holdings in Nordson were worth $2,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NDSN. MML Investors Services LLC grew its holdings in Nordson by 1.2% during the 3rd quarter. MML Investors Services LLC now owns 5,514 shares of the industrial products company's stock worth $1,448,000 after acquiring an additional 68 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Nordson by 8.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,311 shares of the industrial products company's stock worth $4,523,000 after purchasing an additional 1,326 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Nordson by 1.8% during the third quarter. Tidal Investments LLC now owns 14,181 shares of the industrial products company's stock worth $3,724,000 after purchasing an additional 257 shares during the period. Franklin Resources Inc. increased its holdings in Nordson by 6.2% in the third quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company's stock valued at $21,841,000 after purchasing an additional 4,919 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Nordson by 4.7% in the third quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock valued at $77,723,000 after buying an additional 13,184 shares during the period. Institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

NDSN has been the subject of several analyst reports. BNP Paribas lowered 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. KeyCorp decreased their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital upgraded shares of 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. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

Nordson Stock Up 0.1 %

NDSN stock traded up $0.12 during mid-day trading on Friday, hitting $180.81. 404,281 shares of the company were exchanged, compared to its average volume of 298,833. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $279.38. The firm's 50 day simple moving average is $201.36 and its 200 day simple moving average is $224.08. The firm has a market cap of $10.29 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The company 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 predict 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. Stockholders of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.73%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Nordson 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.