Massachusetts Financial Services Co. MA Acquires 76,182 Shares of Nordson Co. (NASDAQ:NDSN)

Massachusetts Financial Services Co. MA grew its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 397,924 shares of the industrial products company's stock after purchasing an additional 76,182 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.70% of Nordson worth $83,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in shares of Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock worth $45,533,000 after buying an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company's stock valued at $4,117,000 after purchasing an additional 5,046 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Nordson during the 4th quarter valued at $4,553,000. Finally, Principal Financial Group Inc. raised its stake in shares of Nordson by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock worth $77,723,000 after buying an additional 13,184 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

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Nordson Stock Down 5.0 %

Shares of NDSN stock traded down $9.37 on Thursday, reaching $177.92. 157,841 shares of the company's stock traded hands, compared to its average volume of 291,543. The company has a market capitalization of $10.13 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. Nordson Co. has a 12-month low of $165.03 and a 12-month high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The business's 50 day moving average price is $206.08 and its two-hundred day moving average price is $227.61.

Nordson (NASDAQ:NDSN - Get Free Report) last announced 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.75%. Nordson's dividend payout ratio (DPR) is currently 39.69%.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of research analyst reports. BNP Paribas lowered 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. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. KeyCorp dropped their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday. DA Davidson reduced their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. Finally, Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their target price for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $250.20.

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.