Nordson Co. (NASDAQ:NDSN) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 29.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,164 shares of the industrial products company's stock after selling 196,269 shares during the period. Neuberger Berman Group LLC owned approximately 0.83% of Nordson worth $99,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 52 shares during the last quarter. Tortoise Investment Management LLC raised its position in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after purchasing an additional 115 shares during the period. Brooklyn Investment Group lifted 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 worth $67,000 after purchasing an additional 278 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Nordson during the fourth quarter valued at approximately $98,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Nordson by 166.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock valued at $100,000 after buying an additional 300 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NDSN shares. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. KeyCorp lowered their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and upped their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Four investment 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, Nordson presently has an average rating of "Moderate Buy" and a consensus price target of $250.20.

Nordson Stock Down 0.5 %

NASDAQ:NDSN traded down $0.89 during mid-day trading on Tuesday, reaching $183.56. The company's stock had a trading volume of 98,893 shares, compared to its average volume of 295,269. 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 Co. has a 1 year low of $165.03 and a 1 year high of $279.38. The stock has a fifty day moving average of $204.11 and a 200-day moving average of $225.81. The firm has a market capitalization of $10.45 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 16.93% and a return on equity of 19.28%. Equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, March 20th. Nordson's payout ratio is 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.