Mariner LLC trimmed its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,574 shares of the industrial products company's stock after selling 1,548 shares during the period. Mariner LLC's holdings in Nordson were worth $2,840,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Nordson during the fourth quarter worth $142,670,000. Raymond James Financial Inc. bought a new position in shares of Nordson during the 4th quarter valued at about $74,005,000. FMR LLC grew its position in shares of Nordson by 19.2% during the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock valued at $145,135,000 after purchasing an additional 111,538 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock worth $1,302,887,000 after purchasing an additional 93,146 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Nordson by 23.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 397,924 shares of the industrial products company's stock worth $83,262,000 after buying an additional 76,182 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.
Wall Street Analyst Weigh In
NDSN has been the topic of a number of research reports. KeyCorp reduced their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and increased their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.20.
Check Out Our Latest Analysis on NDSN
Nordson Trading Down 0.6 %
NASDAQ:NDSN traded down $1.23 during mid-day trading on Friday, hitting $188.22. 219,632 shares of the stock traded hands, compared to its average volume of 301,304. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $279.38. The firm's 50 day moving average is $198.13 and its two-hundred day moving average is $221.68. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.
Nordson (NASDAQ:NDSN - Get Free Report) last released 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). The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.
Nordson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.66%. 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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