21,691 Shares in Nordson Co. (NASDAQ:NDSN) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,691 shares of the industrial products company's stock, valued at approximately $4,556,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York Life Investment Management LLC grew its stake in Nordson by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock worth $1,530,000 after buying an additional 49 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of 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 in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its position in shares of Nordson by 1.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock worth $884,000 after purchasing an additional 58 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Nordson by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

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Analysts Set New Price Targets

NDSN has been the topic of several research reports. 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. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and raised their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, KeyCorp decreased their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.20.

Nordson Stock Up 1.0 %

Shares of NDSN traded up $1.83 during midday trading on Monday, reaching $187.39. The stock had a trading volume of 54,262 shares, compared to its average volume of 294,523. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.65 and a beta of 0.96. The company's fifty day simple moving average is $204.74 and its two-hundred day simple moving average is $226.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share 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 business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Equities research analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.66%. Nordson's payout ratio is currently 39.69%.

About Nordson

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.