Nordson Co. (NASDAQ:NDSN) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,447 shares of the industrial products company's stock after acquiring an additional 6,869 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Nordson worth $7,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its stake in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of Nordson by 73.7% during 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 last quarter. Brooklyn Investment Group increased its position in shares of Nordson by 695.0% during the 4th 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 stake in Nordson in the 4th quarter valued at about $98,000. Finally, Quarry LP acquired a new position in Nordson in the third quarter valued at about $109,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NDSN. KeyCorp raised shares of Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a research report on Tuesday, March 4th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and boosted their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. Finally, Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nordson presently has an average rating of "Moderate Buy" and a consensus price target of $256.20.

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Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company's stock.

Nordson Stock Down 8.3 %

NDSN stock opened at $186.39 on Friday. 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's 50-day moving average price is $211.37 and its 200 day moving average price is $230.93. Nordson Co. has a 52 week low of $186.23 and a 52 week high of $279.38. The company has a market cap of $10.61 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results 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). 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 analyst estimates of $639.40 million. On average, research analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio is currently 39.69%.

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.

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