Nordson Co. (NASDAQ:NDSN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,226,757 shares of the industrial products company's stock after purchasing an additional 93,146 shares during the quarter. Vanguard Group Inc. owned 10.91% of Nordson worth $1,302,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. UMB Bank n.a. raised its stake in shares of 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 increased its holdings in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after acquiring an additional 115 shares in the last quarter. Brooklyn Investment Group raised its position in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after acquiring an additional 278 shares during the period. Generali Asset Management SPA SGR purchased a new position in Nordson during the fourth quarter valued at $98,000. Finally, Quarry LP acquired a new stake in shares of Nordson in the third quarter valued at about $109,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NDSN. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. KeyCorp raised Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 target price for the company in a report on Tuesday, March 4th. Baird R W lowered Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, 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. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.20.

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Insider Activity at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Nordson Trading Down 0.4 %

NASDAQ:NDSN traded down $0.77 during trading hours on Tuesday, hitting $200.95. The company had a trading volume of 284,910 shares, compared to its average volume of 281,715. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a market cap of $11.44 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.65 and a beta of 0.92. The company has a 50-day moving average of $212.35 and a 200 day moving average of $231.43. 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 quarterly earnings data 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Sell-side analysts expect that Nordson Co. will post 10.2 earnings per share 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 paid a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.55%. Nordson's dividend payout ratio 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.