Nomura Asset Management Co. Ltd. Acquires 5,354 Shares of Nordson Co. (NASDAQ:NDSN)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 178,727 shares of the industrial products company's stock after acquiring an additional 5,354 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.31% of Nordson worth $37,397,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Nordson by 16.0% in the 3rd quarter. Cerity Partners LLC now owns 14,499 shares of the industrial products company's stock valued at $3,808,000 after purchasing an additional 1,998 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Nordson by 2.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,876 shares of the industrial products company's stock worth $9,685,000 after purchasing an additional 777 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Nordson in the 3rd quarter valued at $426,000. BNP Paribas Financial Markets raised its holdings in shares of Nordson by 20.5% in the third quarter. BNP Paribas Financial Markets now owns 75,490 shares of the industrial products company's stock valued at $19,826,000 after purchasing an additional 12,847 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Nordson by 7.0% during the 3rd quarter. Townsquare Capital LLC now owns 11,582 shares of the industrial products company's stock worth $3,042,000 after buying an additional 754 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research firms have weighed in on NDSN. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and increased their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. KeyCorp upgraded Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 target price on the stock in a research note on Tuesday, March 4th. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Robert W. Baird restated a "neutral" rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, December 13th. Four 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.20.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Nordson Trading Up 0.8 %

NDSN traded up $1.60 during trading on Wednesday, hitting $202.55. 57,508 shares of the stock traded hands, compared to its average volume of 337,740. The firm has a market capitalization of $11.53 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Nordson Co. has a 12-month low of $196.83 and a 12-month 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 firm has a 50-day moving average of $212.35 and a 200 day moving average of $231.43.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million during 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%. Equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio (DPR) is currently 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.