National Bank of Canada FI Sells 2,367 Shares of Nordson Co. (NASDAQ:NDSN)

National Bank of Canada FI lowered its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,427 shares of the industrial products company's stock after selling 2,367 shares during the quarter. National Bank of Canada FI's holdings in Nordson were worth $5,320,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 52 shares during the period. Tortoise Investment Management LLC lifted its holdings in Nordson by 73.7% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after buying an additional 115 shares during the period. Brooklyn Investment Group boosted its stake in Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 278 shares during the last quarter. Quarry LP acquired a new stake in Nordson during the 3rd quarter worth $109,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Nordson in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NDSN shares. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and lifted their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, KeyCorp lowered their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $250.20.

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Nordson Stock Up 2.5 %

Shares of Nordson stock traded up $4.52 during trading on Friday, reaching $185.56. The stock had a trading volume of 622,407 shares, compared to its average volume of 295,112. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.65 and a beta of 0.96. The stock has a fifty day moving average price of $204.74 and a two-hundred day moving average price of $226.59. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.68%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Nordson Company 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.