Nordson Co. (NASDAQ:NDSN) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 1,430.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,418 shares of the industrial products company's stock after purchasing an additional 63,949 shares during the period. US Bancorp DE owned approximately 0.12% of Nordson worth $18,074,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NDSN. Independent Advisor Alliance boosted its holdings in shares of Nordson by 2.3% in the 4th quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company's stock valued at $524,000 after acquiring an additional 45 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Nordson by 3.6% in the 3rd quarter. Ieq Capital LLC now owns 1,381 shares of the industrial products company's stock valued at $308,000 after acquiring an additional 48 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 48 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Nordson by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,766 shares of the industrial products company's stock valued at $394,000 after acquiring an additional 51 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Nordson by 2.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,429 shares of the industrial products company's stock valued at $542,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

NDSN has been the topic of several recent research reports. DA Davidson dropped their price objective on shares of Nordson from $315.00 to $295.00 and set a "buy" rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on shares of Nordson from $303.00 to $272.00 and set an "outperform" rating on the stock in a report on Wednesday. StockNews.com raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Monday, May 20th. KeyCorp reissued a "sector weight" rating on shares of Nordson in a report on Monday, February 26th. Finally, Wells Fargo & Company increased their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $277.83.

Nordson Price Performance

NASDAQ:NDSN traded up $0.04 during trading hours on Friday, reaching $237.94. 222,190 shares of the company were exchanged, compared to its average volume of 305,334. The company has a current ratio of 2.21, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51. The stock's 50-day moving average is $265.54 and its 200-day moving average is $257.02. The firm has a market cap of $13.61 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million during the quarter, compared to analysts' expectations of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.26 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 9.51 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, May 20th. Nordson's dividend payout ratio (DPR) is 32.42%.

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.