Curi RMB Capital LLC Boosts Stock Position in Nordson Co. (NASDAQ:NDSN)

Curi RMB Capital LLC lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,649 shares of the industrial products company's stock after purchasing an additional 1,434 shares during the quarter. Nordson accounts for about 0.7% of Curi RMB Capital LLC's portfolio, making the stock its 29th largest position. Curi RMB Capital LLC owned about 0.27% of Nordson worth $31,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted 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 worth $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of Nordson by 73.7% during the fourth 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 grew its stake in shares of 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. Canada Post Corp Registered Pension Plan acquired a new stake in Nordson in the fourth quarter valued at $92,000. Finally, Generali Asset Management SPA SGR bought a new position in Nordson during the 4th quarter worth $98,000. Institutional investors own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NDSN shares. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. KeyCorp decreased their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.20.

Nordson Stock Performance

Shares of NASDAQ NDSN traded up $3.69 during midday trading on Thursday, hitting $188.42. The company's stock had a trading volume of 151,545 shares, compared to its average volume of 370,606. The stock has a fifty day moving average price of $199.30 and a 200 day moving average price of $222.55. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last issued 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, research analysts forecast 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. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.66%. Nordson's dividend payout ratio is presently 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.