54,314 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 54,314 shares of the industrial products company's stock, valued at approximately $11,365,000. Renaissance Technologies LLC owned approximately 0.10% of Nordson at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC raised its position in Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 115 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Nordson in the fourth quarter worth about $98,000. Finally, Brown Brothers Harriman & Co. boosted its position in Nordson by 166.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock worth $100,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Up 0.1 %

NASDAQ NDSN traded up $0.12 during trading hours on Friday, reaching $180.81. 404,281 shares of the company's stock were exchanged, compared to its average volume of 298,833. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth 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 debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The company's 50-day moving average is $201.36 and its two-hundred day moving average is $224.08.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results 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). 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 analyst estimates of $639.40 million. On average, analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. KeyCorp decreased their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Finally, Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four research 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, Nordson has an average rating of "Moderate Buy" and an average price target of $250.20.

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.