Natixis Advisors LLC Has $40.40 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Natixis Advisors LLC increased its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,076 shares of the industrial products company's stock after purchasing an additional 35,494 shares during the period. Natixis Advisors LLC owned approximately 0.34% of Nordson worth $40,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock valued at $45,533,000 after acquiring an additional 20,217 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Holocene Advisors LP raised its holdings in Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock valued at $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Nordson by 47.5% in 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 acquiring an additional 5,046 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NDSN. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and lifted their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.20.

Nordson Price Performance

NDSN stock traded down $2.15 during midday trading on Thursday, reaching $205.64. 274,834 shares of the stock were exchanged, compared to its average volume of 268,137. The stock has a market capitalization of $11.70 billion, a PE ratio of 26.16, a P/E/G ratio of 1.65 and a beta of 0.92. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The company has a fifty day moving average price of $213.40 and a 200 day moving average price of $234.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The firm 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%. As a group, analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.52%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

About Nordson

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.